newsSouthern Pacific sees Research Capital agreement expire
Southern Pacific Development Corp (TSX-V:SHP)
Shares Issued 22,461,032
Last Close 6/3/2005 $0.12
Tuesday June 07 2005 - News Release
Mr. Tim Henneberry reports
SOUTHERN PACIFIC DEVELOPMENT CORP
Southern Pacific Development Corp. has noted that Research Capital Corp.'s engagement letter of Feb. 25, 2005, is no longer in effect. Under the terms of the engagement letter, Research was to raise $2-million, on a commercially reasonable-efforts basis, for an offering of common shares of Southern Pacific pursuant to a short form offering document (SFOD) in British Columbia and Alberta.