Owner
Post by Franko10 ™ on Oct 7, 2004 11:17:26 GMT -5
Claude Enters Into Financing Arrangement
Claude Resources Inc. is pleased to announce today that it has entered into an agreement with Canaccord Capital Corporation, under which Canaccord has agreed to purchase 5.0 million Units at a price of $1.00 per Unit for aggregate gross proceeds of $5,000,000. Each Unit consists of one common share and one half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $1.25, one year from the closing date. The closing date is anticipated to be on or about April 23, 2002.
It is the intention of Claude to use the net proceeds from the issuance of the Units for development of the Seabee mine and for general corporate purposes.
The offering is subject to certain conditions including, but not limited to, satisfactory due diligence by Canaccord and receipt of all necessary approvals.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Not for distribution to U.S. news wire services or dissemination in the United States.
For further information please contact:
Neil McMillan, President
Claude Resources Inc.
(306) 668-7505
Claude Resources Inc. is pleased to announce today that it has entered into an agreement with Canaccord Capital Corporation, under which Canaccord has agreed to purchase 5.0 million Units at a price of $1.00 per Unit for aggregate gross proceeds of $5,000,000. Each Unit consists of one common share and one half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $1.25, one year from the closing date. The closing date is anticipated to be on or about April 23, 2002.
It is the intention of Claude to use the net proceeds from the issuance of the Units for development of the Seabee mine and for general corporate purposes.
The offering is subject to certain conditions including, but not limited to, satisfactory due diligence by Canaccord and receipt of all necessary approvals.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Not for distribution to U.S. news wire services or dissemination in the United States.
For further information please contact:
Neil McMillan, President
Claude Resources Inc.
(306) 668-7505
