Owner
Post by Franko10 ™ on Apr 9, 2005 7:21:12 GMT -5
RAB Special Situations L.P./War Eagle Mining Company Inc.-Announcement
Distribution Source : CCNMatthews
Date : Friday - April 08, 2005
LONDON, UNITED KINGDOM--(CCNMatthews - April 8, 2005) - RAB Special Situations L.P. ("Special Situations") announces that it has subscribed for a total of 2,000,000 units (the "Units") of War Eagle Mining Company Inc. (the "Company") (TSX-VENTURE:WEM), at a price of Cdn.$0.20 per Unit. Each Unit consists of one (1) common share in the share capital of the Company (a "Share") and one (1) transferable Share purchase warrant (a "Warrant"). Each one (1) whole Warrant shall entitle Special Situations to purchase one (1) Share ("Warrant Share") at a price of $0.30 per Warrant Share for a period of one (1) year from the date of issuance of the Warrants. The transaction took place off the market by way of private placement and closed on April 4, 2005.
Special Situations has ownership of and control over the securities purchased in the Private Placement. The purchased securities represent approximately 21.56% of the issued and outstanding Shares on a partially diluted basis (assuming exercise of the Warrants) ("Partially Diluted Basis").
Immediately after the Private Placement, Special Situations owned 2,000,000 Shares and 2,000,000 Warrants, representing approximately 21.56% of the issued and outstanding Shares on a Partially Diluted Basis.
Special Situations purchased securities for investment purposes only and not with the purpose of influencing the control or direction of the Company. Special Situations together with joint actors, if any, may, subject to market conditions, make additional investments in or dispositions of securities of the Company in the future, including additional purchases of Shares. However, Special Situations and its joint actors, if any, do not intend to acquire 20% or more of any class of the outstanding voting or equity securities of the Company.
RAB Special Situations L.P.
Mr. Neil Warrender
(44) 20-7389-7000
nw@rabcap.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or ...
Distribution Source : CCNMatthews
Date : Friday - April 08, 2005
LONDON, UNITED KINGDOM--(CCNMatthews - April 8, 2005) - RAB Special Situations L.P. ("Special Situations") announces that it has subscribed for a total of 2,000,000 units (the "Units") of War Eagle Mining Company Inc. (the "Company") (TSX-VENTURE:WEM), at a price of Cdn.$0.20 per Unit. Each Unit consists of one (1) common share in the share capital of the Company (a "Share") and one (1) transferable Share purchase warrant (a "Warrant"). Each one (1) whole Warrant shall entitle Special Situations to purchase one (1) Share ("Warrant Share") at a price of $0.30 per Warrant Share for a period of one (1) year from the date of issuance of the Warrants. The transaction took place off the market by way of private placement and closed on April 4, 2005.
Special Situations has ownership of and control over the securities purchased in the Private Placement. The purchased securities represent approximately 21.56% of the issued and outstanding Shares on a partially diluted basis (assuming exercise of the Warrants) ("Partially Diluted Basis").
Immediately after the Private Placement, Special Situations owned 2,000,000 Shares and 2,000,000 Warrants, representing approximately 21.56% of the issued and outstanding Shares on a Partially Diluted Basis.
Special Situations purchased securities for investment purposes only and not with the purpose of influencing the control or direction of the Company. Special Situations together with joint actors, if any, may, subject to market conditions, make additional investments in or dispositions of securities of the Company in the future, including additional purchases of Shares. However, Special Situations and its joint actors, if any, do not intend to acquire 20% or more of any class of the outstanding voting or equity securities of the Company.
RAB Special Situations L.P.
Mr. Neil Warrender
(44) 20-7389-7000
nw@rabcap.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or ...
