Donner Minerals Ltd.
Donner Minerals Ltd. english
Media Release
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Mr. David Patterson, Chief Executive Officer of Donner Minerals Ltd. announces
that the Company has negotiated a non-brokered private placement in the amount
of $750,000. These funds will be raised by the Company issuing a total of
1,500,000 units at a price of $0.50 per unit. Each unit is comprised of one
common share and one non-transferable share purchase warrant entitling the
holder to purchase one additional common share of the Company at a price of
$0.70 for the first year and at a price of $0.80 for the second year. In
addition, the warrants have a forced exercise provision that will take effect
four months after the closing of the private placement. If the average share
price of Company exceeds $2.00 over any 20 day trading period, the warrant
holders will be forced to exercise the warrants. A finder’s fee is payable on
the funds raised in the private placement.
The private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF
DONNER MINERALS LTD.
“David Patterson”
Chief Executive Officer
Contact in Europe:
Alexander Holtermann
e-Mail: holtermann@htcom.de
Tel: +49-69-219313-59
Fax: +49-69-219313-21
end of message, (c)DGAP 11.06.2002
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