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New Listing Bulletin

For Immediate Release

99/12


CONTACT:

April 15, 1999

WADE J. MURRAY
information@vse.ca
(604) 643-6592
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
Agent’s 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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