News Release..FYIBlack Bull Resources Inc BBS
Shares issued 13,773,869 Nov 12 2001 close $.550
Nov 13 2001 9:43:00
Mr. David Wood reports
Black Bull Resources has arranged two non-brokered private placements, subject to regulatory approval, as follows:
First, 310,000 flow-through shares at a price of 65 cents per flow-through share.
Second, 465,000 units at a price of 65 cents per unit. Each unit shall consist of one common share and one warrant, which expires after one year. Each warrant will entitle the subscriber to purchase an additional common share at 80 cents for a one-year period.
The issue price per flow-through share and common share was determined in the context of recent market trading activity. A finder's fee may be paid on a portion of the private placement. Black Bull will be filing formal application to the Canadian Venture Exchange within the next two weeks.
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