Effective at the opening on October 7,
1998, Radius Explorations Ltd. commenced trading on the Vancouver Stock Exchange. The
company is classified as an "Venture" company and trades under the symbol
"RDU".
Incorporated in British Columbia, Radius Explorations Ltd. is involved
in the exploration and development of mineral properties. The company has an option to
acquire 80% of the Brik Property located in the Dawson Mining District, Yukon Territory.
Radius Exploration Ltd. completed its initial distribution of shares to
the public for a total gross proceeds of $315,000 (900,000 shares at $0.35 per share). The
companys capitalization is 100,000,000 common shares with no par value of which
2,378,000 common shares are issued and outstanding (with 750,000 shares held in escrow).
Pacific Corporate Trust is the transfer agent for the company and Yorkton Securities Inc.
is the sponsoring Member.
The company has issued to its agent a total of 225,000 non-transferable
share purchase warrants. Each warrant entitles the agent to purchase one share of the
company at $0.35 per share up to October 6, 1999.
For further information, please refer to the Companys Prospectus
dated August 20, 1998.
RADIUS EXPLORATION LTD.
Harmen Keyser, President
#855 409 Granville Street
Vancouver, BC V6C 1T2
Phone: (604) 801-5432 |