Berland Resources Ltd. Lists
on the VSE |
|
Listed: |
April 15, 1999 |
Symbol: |
BNL |
Classification: |
Venture |
Business: |
Acquisition and exploration of mineral resource properties,
primarily in Northern Ontario. The resources targeted are primarily gold, base metal and
diamonds. |
Assets: |
Ontario, Canada |
Incorporated: |
October 24, 1997, pursuant to the laws of the Province of
British Columbia |
Agent: |
Canaccord Capital Corporation |
Agents
Warrants: |
500,000 non-transferable warrants, exercisable into shares up
until 18 months from the date the Company's shares commence trading on the Exchange, at a
price of $0.35 per share in the first year and at a price of $0.4025 per share in the
remaining six months. |
Greenshoe
Option: |
The Agent has over-alloted the Offering to the extent of
129,000 shares. The Company has granted a Greenshoe Option entitling the Agent to purchase
a total of 129,000 shares at a price of $0.32375 per share exercisable for a period of 60
days from the date the Company's shares commence trading on the Exchange. |
Transfer
Agent: |
Montreal Trust Company of Canada |
Initial
Distribution: |
$700,000 (2,000,000 common shares at $0.35 per share) |
Capitalization: |
50,000,000 common shares with no par value |
Issued: |
6,722,488 common shares (including 600,000 shares issued upon
conversion of a loan and 7,298 issued upon conversion of related loan interest.) |
Escrow: |
2,941,415 common shares |
Contact: |
William E. McCrindle, President |
Address: |
906 - 595 Howe Street
Vancouver, BC V6C 2T5 |
Phone: |
(604) 608-2557 |
Fax: |
(604) 608-2559 |
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