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Post by Franko10 ™ on Sept 11, 2004 14:24:49 GMT -5
NEWS RELEASE
TRADING SYMBOL: SEI.V JANUARY 21, 1998
The Company is pleased to report that the non-brokered private placement of flow-through units announced in the Company’s news release dated December 5, 1997, has closed effective Tuesday, January 20, 1998.
A total of 1,220,000 units at a price of $0.15, consisting of one flow-through share and one non-flow-through warrant were placed for total proceeds of $183,000.00. Each warrant entitles the holder to purchase one common share at $0.20 up to January 16, 2000.
The common shares issued as part of the units are subject to a hold period of twelve months ending December 22, 1998.
The proceeds from the private placement will be used for exploration of the Company’s mineral properties in Saskatchewan.
On behalf of the Board of Directors R.G. Walker President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.
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