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Post by Franko10 ™ on Sept 11, 2004 14:31:52 GMT -5
News Release
February 15, 2000
Shane Private Placement
The Canadian Venture Exchange has accepted for filing a non-brokered private placement of 2.21 million units, 1.71 million of which consists of one Class A common share and one warrant to purchase an additional Class A common share and 500,000 flow-through units consisting one Class A common flow-through share and one flow-through warrant to purchase one additional Class A flow-through common share. Price: 35 cents per share Warrants: 2.21 million warrants, 1.71 million share purchase warrants to purchase 1.71 million Class A common shares and 500,000 flow-through share purchase warrants to purchase 500,000 Class A flow-through common shares. Wt exercise price: 40 cents for one year Placees: Kevan Migneault 1,028,571 NFT units; Stephen Marks 400,000 NFT units; Rudy Pisesky 281,429 NFT units; and nine others Insiders: Richard Walker 22,500 FT units Finder's fee: $25,000 cash to IPO Capital Corp.
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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