OTCPK:SLMZF - Post by User
Post by
leson Feb 08, 2002 6:12pm
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Post# 4753968
WEEKEND HOMEWORK
WEEKEND HOMEWORK LETS SEE WHO CAN FIND OUT WHO OWNS Derby Reach Holdings Ltd?????????
Private Placement To Derby Reach Holdings Ltd.
1/10/02
DIAMCOR MINING INC. ("DMR-V") - Private Placement To Derby Reach Holdings Ltd.
The Company announces that it has arranged a private placement of up to 1,000,000 units (the "Units") to one placee, Derby Reach Holdings Ltd., at a price
of $0.10 per Unit. The Company intends to file an Annual Information Form pursuant to Multilateral Instrument 45-102 so that the securities will be subject to
a four month hold period from the date of payment of the Units. Proceeds from the private placement will be used for general working capital.
Each Unit will consist of one common share in the capital stock of the Company (the "Private Placement Shares") and one non-transferable share purchase
warrant (the "Warrants"). Each Warrant will entitle the holder to purchase one additional common share for a term of two years from the payment for the Units
at a price of $0.15 per share.
The issuance of the Private Placement Shares and Warrants is subject to regulatory acceptance. Tel (604) 888-0786 DIAMCOR MINING INC. Fax (604)
888-3268