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Post by Franko10 ™ on Sept 11, 2004 14:30:30 GMT -5
News Release
December 30, 1999
Shane Resources Arranges Private Placement of $773,500
Saskatoon, Saskatchewan, December 10, 1999: The company is pleased to announce that it has arranged a private placement in the amount of $773,500.
The placement consists of 500,000 flow-through units of one flow-through share priced at $0.35 and one flow-through warrant exercisable for one year at $0.40, and 1,710,000 non-flow-through units priced at $0.35. The non-flow-through units consist of one share and one warrant with the warrant exercisable for one year at $0.40.
A finder's fee will apply in this transaction in accordance with Exchange Policy.
ON BEHALF OF THE BOARD OF DIRECTORS OF SHANE RESOURCES LTD.
Rick Walker President
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this news release.
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