OTCPK:CLEGF - Post by User
Post by
Kkingon Mar 06, 2004 1:05pm
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Post# 7169796
NEWS...500K PP...NON Brokered @ .25
NEWS...500K PP...NON Brokered @ .2517:36 EST Friday, March 05, 2004
TORONTO (Business Wire) -- Columbia Metals Corporation Limited (TSX-V COL) (the "Company") is pleased to announce that it intends to undertake a non brokered private placement offering of 2,000,000 units of Columbia at a price of $0.25 per unit for gross proceeds of $500,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share for a period of two years from the date of issuance, at a price of $0.33 per common share.
Proceeds of the placement will be used as general working capital and to develop Columbia's mining properties in Mexico.
Shares Outstanding: 27,250,244