National Gold (NGT)

[marcos]

' National Gold $675,000 convertible debenture financing

National Gold Corp NGT
Shares issued 30,728,990 Jan 10 2003 close $ 0.38
Friday January 10 2003
Private Placement - Debenture

The TSX Venture Exchange Inc. has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 21, 2002.

Convertible debenture: $675,000

Conversion price: Principal outstanding is convertible at a price of 29 cents per share allowing for a maximum of 2,327,586 common shares to be issued.

Maturity date: Oct. 18, 2003

Interest rate: 12 per cent

No. of placees: One placee

Pursuant to TSX Venture Exchange Corporate Finance Policy 4.1, Section 1.11(d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).

(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com '

.... end quotes ... of course the money has long since been paid here, so posting this news is just a formality ... for those who don't know, Alamos is the placee, the money was at that time necessary to cover the property payment to pdg/Kennecott, and National had been unable to raise it, they'd just had a placement fizzle for lack of interest in the blah times of October last, this is what led directly to the merger [which had been promised a year previously anyway]

National lagging Alamos again this morning, .39 against .50 ... should be .425 when aas is at .50, according to the merger ratio ... Jackjc has shown up now on the new Alamos thread - #board-1446