Anoer PP. And the money just keepscoming in at higher prices.
A few months ago there was no money to find .Now I am led to believe they are lined up eager to pay. But management now having sufficient funding will probably let the stock rise higher before any more fund raising.
Apparently more deals in the works and could happen next week-0nly speculation but strike while the iron is hot is a lesson Mike has learned well.
United Bolero Development Corp (C-UNB) - News Release
United Bolero arranges $750,000 financing
United Bolero Development Corp UNB
Shares issued 7,938,529 Nov 6 2003 close $ 0.22
Friday November 7 2003 News Release
Mr. Mike England reports
COMPANY ARRANGES A 3,000,000 UNIT NON-BROKERED PRIVATE PLACEMENT
United Bolero Development has arranged a non-brokered private placement of three million units consisting of flow-through and non-flow-through units.
The first tranche of the private placement will consist of two million flow-through units at 25 cents per unit for gross proceeds of $500,000. The tranche will consist of one flow-through common share and one non-flow-through share purchase warrant, with the warrant exercisable for up to one year at a price of 35 cents per share purchase warrant.
The second tranche of the private placement will consist of one million non-flow-through units priced at 25 cents for gross proceeds of $250,000. The units will consist of one common share and one share purchase warrant. The non-transferable share purchase warrants will be exercisable at 30 cents per share for a period of one year.
The proceeds of the private placement will be contributed toward the exploration and development of the company's 50-per-cent interest in the South Baird project, in the Red Lake township, Ontario, and for general working capital.
The private placement reported in Stockwatch on Aug. 26, 2003, is cancelled.