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Post by Franko10 ™ on Oct 16, 2005 13:56:09 GMT -5
Morgain Minerals Inc. corrects… CORRECTION FROM SOURCE: Morgain Minerals Inc. - Special Warrant Financing - Correction Notice
Business Wire, July 22, 1997
TORONTO--(BUSINESS WIRE)--July 22, 1997--Morgain Minerals Inc. (VSE:MGM.)
CORRECTION FROM SOURCE
Additional text in paragraph one has been added to the story released earlier this morning for MORGAIN MINERALS INC.
The correct and complete release follows.
Morgain Minerals Inc. is pleased to advise that documentation to complete the 3.4 million dollar Special Warrant Placement announced March 26, 1997 has been filed with all regulatory bodies as of July 18, 1997. The $3.00 Special Warrants consist of one common share and a two year warrant exercisable into one additional common share at $3.00 per share in the first year and $3.45 per common share in the second year. The completion of the filing releases 1.7 million dollars to the company immediately with the balance to be released to Morgain Minerals Inc. upon final receipt of the prospectus by the regulatory bodies.
Morgain has recently completed aerial E.M., Magnetometer and Radiometric surveys over the Compa and Argentina gold and base metal prospects on its 100 percent owned 60,000 hectare northwest Sonora, Mexico mineral holdings. This funding will be utilized to accelerate ground geophysics and exploratory drilling programs on newly discovered targets resulting from the aerial surveys and surface sampling and trenching programs.
Gossan bearing caldera-like circular features and regional shear zones which returned numerous gold values during preliminary prospecting will be first priority targets. A news release on these gold values is currently being prepared and will be issued in the next few days.
ON BEHALF OF THE BOARD RAYMOND J. MONGEAU PRESIDENT
-0- The Information contained in this release was prepared for Morgain by Raymond J. Mongeau. The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
CONTACT: Morgain Minerals Inc.
Raymond J. Mongeau, 416/364-5756
416/364-2595 (FAX)
COPYRIGHT 1997 Business Wire
Business Wire, July 22, 1997
TORONTO--(BUSINESS WIRE)--July 22, 1997--Morgain Minerals Inc. (VSE:MGM.)
CORRECTION FROM SOURCE
Additional text in paragraph one has been added to the story released earlier this morning for MORGAIN MINERALS INC.
The correct and complete release follows.
Morgain Minerals Inc. is pleased to advise that documentation to complete the 3.4 million dollar Special Warrant Placement announced March 26, 1997 has been filed with all regulatory bodies as of July 18, 1997. The $3.00 Special Warrants consist of one common share and a two year warrant exercisable into one additional common share at $3.00 per share in the first year and $3.45 per common share in the second year. The completion of the filing releases 1.7 million dollars to the company immediately with the balance to be released to Morgain Minerals Inc. upon final receipt of the prospectus by the regulatory bodies.
Morgain has recently completed aerial E.M., Magnetometer and Radiometric surveys over the Compa and Argentina gold and base metal prospects on its 100 percent owned 60,000 hectare northwest Sonora, Mexico mineral holdings. This funding will be utilized to accelerate ground geophysics and exploratory drilling programs on newly discovered targets resulting from the aerial surveys and surface sampling and trenching programs.
Gossan bearing caldera-like circular features and regional shear zones which returned numerous gold values during preliminary prospecting will be first priority targets. A news release on these gold values is currently being prepared and will be issued in the next few days.
ON BEHALF OF THE BOARD RAYMOND J. MONGEAU PRESIDENT
-0- The Information contained in this release was prepared for Morgain by Raymond J. Mongeau. The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein.
CONTACT: Morgain Minerals Inc.
Raymond J. Mongeau, 416/364-5756
416/364-2595 (FAX)
COPYRIGHT 1997 Business Wire
