going down for a cheaper finance LOLthis really shouldn't have been any surprise what with the horrible gold mkt of late - must have been a killer to get anyone to listen to the story this group of first time junior executives has to tell -
WEASELS
Lund Gold arranges $1.35-million private placement
Lund Gold Ltd LGD
Shares issued 7,772,949 Jan 16 close $0.47
Mon 19 Jan 2004 News Release
Mr. Chet Idziszek reports
BROKERED PRIVATE PLACEMENT
The non-brokered private placement as reported in Stockwatch Nov. 24, 2003,
will not be proceeding as a result of market conditions.
Lund has, subject to regulatory approval, arranged a brokered private
placement of three million units at a price of 45 cents per unit to finance
Lund's next phase of work on the Aldebaran property. Each unit will consist
of one share and one-half share purchase warrant, every full warrant
entitling the purchase of one additional share of Lund for a period of two
years at a price of 45 cents during the first year and thereafter at a
price of 60 cents per share.
Canaccord Capital Corporation has agreed to act as Lund's agent in respect
of this placement and will receive a commission of 8 per cent of the gross
proceeds, such fee to be payable half in cash and half in units at
Canaccord's election, a broker's warrant entitling the purchase of up to
600,000 shares of Lund for a period of two years at a price of 45 cents
during the first year and thereafter at a price of 60 cents per share, an
administration fee of $7,500, and a corporate finance fee of 100,000