NR - more $Cons Pacific acquires two claims; $7,500 financing
Consolidated Pacific Bay Minerals Ltd CBP
Shares issued 9,203,537 Feb 2 close $0.18
Wed 4 Feb 2004 News Release
Mr. Guilford Brett reports
ADDITIONAL NUGGET MOUNTAIN CLAIMS ACQUIRED -- PRIVATE PLACEMENT
Consolidated Pacific Bay Minerals has acquired, subject to TSX Venture
Exchange approval, two placer leases on Cunningham Creek that overlay the
company's Nugget Mountain mineral claims in the Cariboo mining district of
central British Columbia. Consideration for the acquisition is 70,000
shares of the company.
The company has also arranged a private placement of 50,000 units at 15
cents per unit, each unit consisting of on common share and one warrant to
acquire an additional common share at a price of 19 cents for a period of
two years, subject to regulatory approval. The proceeds of $7,500 will be
added to working capital.
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