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Post by Franko10 ™ on Oct 7, 2004 18:18:09 GMT -5
Claude Arranges Funding for 2004 Exploration Program Claude Resources Inc. (Claude) is proceeding with a private placement offering of flow-through common shares on a non-brokered basis to raise a maximum of $2,500,000. The offering, which is subject to regulatory approval, consists of up to 1,000,000 common shares at $2.50 per share. It is planned to close this transaction on or before December 5, 2003. A finder’s and advisory fee is payable in connection with this private placement financing. It is the intention of Claude to use the net proceeds from the issuance of the shares to finance its 2004 exploration programs. Not for distribution to U.S. news wire services or dissemination in the United States.
For further information please contact:
Neil McMillan President 306.668.7505 306.668.7500 Fax info@clauderesources.com
Renmark Financial Communications Inc. 514.939.3989 514.939.3717 Fax Neil Murray-Lyon nmurraylyon@renmarkfinancial.com
Edith English eenglish@renmarkfinancial.com
Media: Dominic Sicotte dsicotte@renmarkfinancial.com
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