China Resources

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New Pacific three-million-share private placement

2004-11-29 17:00 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 26, 2004.

Shares: Three million

Price: 85 cents per share

Warrants: Three million share purchase warrants to purchase 1.5 million shares

Warrant exercise price: $1.25 for a one-year period

Placees: 44

Insider participation: LOM Securities (Cayman) Limited, 30,000; LOM Securities (Bermuda) Limited, 735,911

Pro group participation: Mark T. McGinnis, 40,000; William Vance, 11,765; Eric Savics, 29,411; Stephen Meyer, 11,765; Bernard Leroux, 23,530; Fastrack Capital Partners (John Tognetti, Harold Hodgson, John Rybinski), 58,824; Patty Roy, 32,500; Duncan Roy, 4,559; Jim Watson, 10,000

Finder's fee: Haywood Securities Inc. will receive $70,000 and 82,352 warrants, where each warrant is exercisable for one share at a price of $1.25 per share for a one-year period.