Visible Gold Mines - Die Fieldex-Dividende (Seite 161)
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ISIN: CA92834E3068 · WKN: A2DQSD · Symbol: VGD
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Letzter Kurs 18.03.24 TSX Venture
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Ein gutes Zeichen!
Jul 18, 2007 10:02 ET
Pinetree Capital Ltd. Acquires Securities of Visible Gold Mines Inc.TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Pinetree Capital Ltd. (TSX:PNP), a Canadian investment company, announces that on July 17, 2007 it acquired ownership of 1,350,000 common shares ("Common Shares") of Visible Gold Mines Inc. ("Visible Gold") and 675,000 common share purchase warrants (the "Warrants") of Visible Gold on Visible Gold's initial public offering on the TSX Venture Exchange. Each Warrant entitles the holder thereof to acquire one additional common share until July 17, 2009 at a price of $0.60. In the event that the Warrants are fully exercised, these holdings represent approximately 8.2% of the total issued and outstanding common shares of Visible Gold as of July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors held, as at July 17, 2007, an aggregate of 2,920,000 common shares of Visible Gold and rights to acquire an aggregate of 1,125,000 common shares of Visible Gold upon exercise of convertible securities, including the Warrants (collectively, the "Convertible Securities"). Of these totals, Pinetree holds only the Common Shares and the Warrants directly. If Pinetree and its joint actors were to exercise all of these Convertible Securities, their combined ownership would represent a total of 4,045,000 common shares of Visible Gold, or approximately 16.1% of such shares outstanding as of July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Visible Gold depending on market conditions or any other relevant factor.
About Pinetree
Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP" and is included in the Standard & Poor's/Toronto Stock Exchange composite index. Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Molybdenum, Precious Metals and Base Metals. Pinetree's investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements.
For more information, please contact
Pinetree Capital Ltd.
Investor Relations: Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
(416) 941-9600
Email: ir@pinetreecapital.com
or
Pinetree Capital Ltd.
Media Relations: Wanda Cutler
Director of Corporate Communications
(416) 860-1717
Website: www.pinetreecapital.com
Nebhotep
Jul 18, 2007 10:02 ET
Pinetree Capital Ltd. Acquires Securities of Visible Gold Mines Inc.TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Pinetree Capital Ltd. (TSX:PNP), a Canadian investment company, announces that on July 17, 2007 it acquired ownership of 1,350,000 common shares ("Common Shares") of Visible Gold Mines Inc. ("Visible Gold") and 675,000 common share purchase warrants (the "Warrants") of Visible Gold on Visible Gold's initial public offering on the TSX Venture Exchange. Each Warrant entitles the holder thereof to acquire one additional common share until July 17, 2009 at a price of $0.60. In the event that the Warrants are fully exercised, these holdings represent approximately 8.2% of the total issued and outstanding common shares of Visible Gold as of July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors held, as at July 17, 2007, an aggregate of 2,920,000 common shares of Visible Gold and rights to acquire an aggregate of 1,125,000 common shares of Visible Gold upon exercise of convertible securities, including the Warrants (collectively, the "Convertible Securities"). Of these totals, Pinetree holds only the Common Shares and the Warrants directly. If Pinetree and its joint actors were to exercise all of these Convertible Securities, their combined ownership would represent a total of 4,045,000 common shares of Visible Gold, or approximately 16.1% of such shares outstanding as of July 17, 2007, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Visible Gold depending on market conditions or any other relevant factor.
About Pinetree
Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP" and is included in the Standard & Poor's/Toronto Stock Exchange composite index. Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Molybdenum, Precious Metals and Base Metals. Pinetree's investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements.
For more information, please contact
Pinetree Capital Ltd.
Investor Relations: Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
(416) 941-9600
Email: ir@pinetreecapital.com
or
Pinetree Capital Ltd.
Media Relations: Wanda Cutler
Director of Corporate Communications
(416) 860-1717
Website: www.pinetreecapital.com
Nebhotep
Und so sehen die ersten Angebote aus:
BID-----Orders-----Volume-----Price Range
----------6--------140,000----0.010-0.450
ASK-----Price Range-----Volume-----Orders
--------0.600-0.600-----18,500--------1--
Es willnur Einer verkaufen und das zu einem ordentlichen Preis.
BID-----Orders-----Volume-----Price Range
----------6--------140,000----0.010-0.450
ASK-----Price Range-----Volume-----Orders
--------0.600-0.600-----18,500--------1--
Es willnur Einer verkaufen und das zu einem ordentlichen Preis.
Press Release
[005/New Listing] FLX V FIELDEX EXPLORATION INC JUL 16 2007 14:40 PM New
Listing IPO Shares and Warrants --->@NEWS RELEASE VISIBLE GOLD MINES INC.
("VGD") ("VGD.WT")
- New Listing-IPO-Shares and Warrants
TSX Venture Tier 2 Company
The Company's Initial Public Offering ('IPO') Prospectus dated July 3, 2007
has been filed with and accepted by TSX Venture Exchange, and filed with
and receipted by the Nova-Scotia, New Brunswick, Newfoundland and Labrador,
Prince Edward Island, Ontario, Manitoba, Saskatchewan, Alberta and British
Columbia Securities Commissions and the Autorit des marchs financiers
effective July 5, 2007, pursuant to the provisions of the Nova-Scotia, New
Brunswick, Newfoundland and Labrador, Prince Edward Island, Ontario,
Manitoba, Saskatchewan, Alberta, British Columbia and Qubec Securities
Acts. The common shares and share purchase warrants of the Company will be
listed and admitted to trading on TSX Venture Exchange, on the effective
dates stated below.
The gross proceeds to be received by the Company for the offering are a
minimum of $3,000,000 (3,000 units at $1,000 per unit) and a maximum of
$5,000,000 (5,000 units at $1,000 per unit). Each unit consists of 1,000
flow-through common shares at $0.50 per share, 1,250 common shares at a
price of $0.40 per share and 1,125 common share purchase warrants. Each
warrant entitles the holder to purchase one common share at $0.60 to July
17, 2009. The Company is classified as a "Mineral Exploration/ Development"
company.
The Company was created as a wholly-owned subsidiary of Fieldex Exploration
Inc. ("Fieldex") which transferred all of its interests held in two gold
exploration properties located in Qubec. It is expected that a total of
7,439,931 shares of Visible Gold Mines Inc. will be distributed as a
dividend to Fieldex shareholders after the listing of Visible Gold Mines
Inc.
Listing Date: At the close of business (5:01 EDT) on July 16, 2007.
Commencement Date: The common shares and share purchase warrants will
commence trading on TSX Venture Exchange at the opening Tuesday, July 17,
2007, upon confirmation of closing.
The closing of the public offering is scheduled to occur before the market
opening on July 17, 2007. A further notice will be issued upon receipt of
closing confirmation.
Corporate jurisdiction: Canada
Capitalization:
A minimum of 18,459,929 common shares and a maximum of 22,959,929 common
shares will be issued and outstanding.
Escrowed Securities:
1,055,264 common shares.
Transfer Agent:
Computershare Investor Services Inc. (Montral & Toronto)
Trading Symbol: VGD
CUSIP Number: 92834E 10 8
Agent: Desjardins Securities Inc.
Capitalization on warrants: A minimum of 3,375,000 share purchase warrants
and a maximum of 5,625,000 share purchase warrants will be issued and
outstanding.
One share purchase warrant entitles the holder to purchase one common share
at $0.60 up to July 17, 2009.
Warrant Trading Symbol: VGD.WT
Warrant CUSIP Number: 92834E 11 6
Over-allotment option: The Company has granted to the agent an
over-allotment option, which grants to the agent the right, for a period of
60 days following the closing, to issue up to an additional 15% of the
units sold as part of the offering, to cover over-allotments. If the
maximum offering is closed and the over-allotment option is exercised in
full, the proceeds raised would be $5,750,000.
Agent's fee: A cash commission of a minimum of $300,000 and a maximum of
$500,000 and a non-transferable warrant to acquire a minimum number of
472,500 common shares and a maximum number of 787,500 common shares
exercisable at a price of $0.50 per common share for a period of 24 months
from the date of the closing.
For further information, please refer to the Company's Prospectus dated
July 3, 2007.
Company contact: Sylvain Champagne, Chief Financial Officer
Company address:
139, Quebec Blvd, Suite 202
Rouyn-Noranda, Quebec, J9X 6M8
Company phone number: (819) 762-0609
Company fax number: (819) 762-0097
E-mail address: schampagne@fieldexexploration.com
TSX-X
______________________________________
___________________________________________________________________
(c) Market News Publishing Inc. Tel604) 689-1101
All rights reserved. Fax604) 689-1106
070717H1+40+000684
[005/New Listing] FLX V FIELDEX EXPLORATION INC JUL 16 2007 14:40 PM New
Listing IPO Shares and Warrants --->@NEWS RELEASE VISIBLE GOLD MINES INC.
("VGD") ("VGD.WT")
- New Listing-IPO-Shares and Warrants
TSX Venture Tier 2 Company
The Company's Initial Public Offering ('IPO') Prospectus dated July 3, 2007
has been filed with and accepted by TSX Venture Exchange, and filed with
and receipted by the Nova-Scotia, New Brunswick, Newfoundland and Labrador,
Prince Edward Island, Ontario, Manitoba, Saskatchewan, Alberta and British
Columbia Securities Commissions and the Autorit des marchs financiers
effective July 5, 2007, pursuant to the provisions of the Nova-Scotia, New
Brunswick, Newfoundland and Labrador, Prince Edward Island, Ontario,
Manitoba, Saskatchewan, Alberta, British Columbia and Qubec Securities
Acts. The common shares and share purchase warrants of the Company will be
listed and admitted to trading on TSX Venture Exchange, on the effective
dates stated below.
The gross proceeds to be received by the Company for the offering are a
minimum of $3,000,000 (3,000 units at $1,000 per unit) and a maximum of
$5,000,000 (5,000 units at $1,000 per unit). Each unit consists of 1,000
flow-through common shares at $0.50 per share, 1,250 common shares at a
price of $0.40 per share and 1,125 common share purchase warrants. Each
warrant entitles the holder to purchase one common share at $0.60 to July
17, 2009. The Company is classified as a "Mineral Exploration/ Development"
company.
The Company was created as a wholly-owned subsidiary of Fieldex Exploration
Inc. ("Fieldex") which transferred all of its interests held in two gold
exploration properties located in Qubec. It is expected that a total of
7,439,931 shares of Visible Gold Mines Inc. will be distributed as a
dividend to Fieldex shareholders after the listing of Visible Gold Mines
Inc.
Listing Date: At the close of business (5:01 EDT) on July 16, 2007.
Commencement Date: The common shares and share purchase warrants will
commence trading on TSX Venture Exchange at the opening Tuesday, July 17,
2007, upon confirmation of closing.
The closing of the public offering is scheduled to occur before the market
opening on July 17, 2007. A further notice will be issued upon receipt of
closing confirmation.
Corporate jurisdiction: Canada
Capitalization:
A minimum of 18,459,929 common shares and a maximum of 22,959,929 common
shares will be issued and outstanding.
Escrowed Securities:
1,055,264 common shares.
Transfer Agent:
Computershare Investor Services Inc. (Montral & Toronto)
Trading Symbol: VGD
CUSIP Number: 92834E 10 8
Agent: Desjardins Securities Inc.
Capitalization on warrants: A minimum of 3,375,000 share purchase warrants
and a maximum of 5,625,000 share purchase warrants will be issued and
outstanding.
One share purchase warrant entitles the holder to purchase one common share
at $0.60 up to July 17, 2009.
Warrant Trading Symbol: VGD.WT
Warrant CUSIP Number: 92834E 11 6
Over-allotment option: The Company has granted to the agent an
over-allotment option, which grants to the agent the right, for a period of
60 days following the closing, to issue up to an additional 15% of the
units sold as part of the offering, to cover over-allotments. If the
maximum offering is closed and the over-allotment option is exercised in
full, the proceeds raised would be $5,750,000.
Agent's fee: A cash commission of a minimum of $300,000 and a maximum of
$500,000 and a non-transferable warrant to acquire a minimum number of
472,500 common shares and a maximum number of 787,500 common shares
exercisable at a price of $0.50 per common share for a period of 24 months
from the date of the closing.
For further information, please refer to the Company's Prospectus dated
July 3, 2007.
Company contact: Sylvain Champagne, Chief Financial Officer
Company address:
139, Quebec Blvd, Suite 202
Rouyn-Noranda, Quebec, J9X 6M8
Company phone number: (819) 762-0609
Company fax number: (819) 762-0097
E-mail address: schampagne@fieldexexploration.com
TSX-X
______________________________________
___________________________________________________________________
(c) Market News Publishing Inc. Tel604) 689-1101
All rights reserved. Fax604) 689-1106
070717H1+40+000684
Morgen ist es soweit. Mal sehen zu welchem Kurs wir nach einem Tag aus dem Rennen gehen?
ich freu mich
Auszug aus dem Rechnical Report der Stadacona East Property:
20.0 BUDGET
PHASE I (Summer/Fall 2007)
Line cutting (@$400/lkm x 150 lkm @100m line spacing) $60,000
Ground Magnetometer Survey $15,000
(@$100/lkm x 150 lkm)
IP Survey (@$1,350/lkm x 150 lkm) $202,500
Geological Mapping (60 days - 2 geologists & 2 assistants $100,000
+ accommodations, meals, vehicles, fuel and supplies)
Prospecting (60 days – 2 prospectors + accommodations, meals, $60,000
vehicles, fuel and supplies)
Outcrop Stripping and Power washing (backhoe, labour, high $15,000
pressure water pumps) @ $1500/day x 10 days
Assays and Whole Rock Analyses $10,000
Project Supervision $15,000
Geophysical Consulting $6000
Interim Reports and Maps $20,000
15% Contingency $75,525
------------------------------------------------------------------------------------------------------------
TOTAL $579,025
PHASE II (Winter 2007-08)
Diamond Drilling: 10,000 m @ $110/m (all inclusive) $1,100,000
Project Supervision $60,000
Geophysical Consulting $7,000
Assaying $150,000
Final Reports and Maps (1 Geologist, 1 Geotechnician) $50,000
46
Preparation of NI 43-101 Report $ 20,000
15% Contingency $201,300
------------------------------------------------------------------------------------------------------------
TOTAL $1,588,300
GRAND TOTAL (Phase I + Phase II) $2,167,325
Hier werden Nägel mit Köpfen gemacht!! 10.000m Bohrprogramm beginnt noch dieses Jahr.
20.0 BUDGET
PHASE I (Summer/Fall 2007)
Line cutting (@$400/lkm x 150 lkm @100m line spacing) $60,000
Ground Magnetometer Survey $15,000
(@$100/lkm x 150 lkm)
IP Survey (@$1,350/lkm x 150 lkm) $202,500
Geological Mapping (60 days - 2 geologists & 2 assistants $100,000
+ accommodations, meals, vehicles, fuel and supplies)
Prospecting (60 days – 2 prospectors + accommodations, meals, $60,000
vehicles, fuel and supplies)
Outcrop Stripping and Power washing (backhoe, labour, high $15,000
pressure water pumps) @ $1500/day x 10 days
Assays and Whole Rock Analyses $10,000
Project Supervision $15,000
Geophysical Consulting $6000
Interim Reports and Maps $20,000
15% Contingency $75,525
------------------------------------------------------------------------------------------------------------
TOTAL $579,025
PHASE II (Winter 2007-08)
Diamond Drilling: 10,000 m @ $110/m (all inclusive) $1,100,000
Project Supervision $60,000
Geophysical Consulting $7,000
Assaying $150,000
Final Reports and Maps (1 Geologist, 1 Geotechnician) $50,000
46
Preparation of NI 43-101 Report $ 20,000
15% Contingency $201,300
------------------------------------------------------------------------------------------------------------
TOTAL $1,588,300
GRAND TOTAL (Phase I + Phase II) $2,167,325
Hier werden Nägel mit Köpfen gemacht!! 10.000m Bohrprogramm beginnt noch dieses Jahr.
Antwort auf Beitrag Nr.: 30.661.825 von 2014 am 12.07.07 22:13:29Leute schaut unter www.sedar.com nach (Public Companies)
Da stehen jede Menge Dokumente drin, inkl. Techn. Report zu Stadacona (66 Seiten).
Da stehen jede Menge Dokumente drin, inkl. Techn. Report zu Stadacona (66 Seiten).
Es komt langsam Leben in die Firma.
Visible Gold Mines Inc.
Profile
Mailing Address: 139, boul. Québec
Bureau 202
Rouyn-Noranda, Québec
J9X 6M8
Head Office Address: 139, boul. Québec
Bureau 202
Rouyn-Noranda, Québec
J9X 6M8
Contact Name: Sylvain Champagne Short Form Prospectus Issuer: No
Business e-mail address: schampagne@fieldexexploration.com Reporting Jurisdictions: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland
Telephone Number: 819 762-0609 Stock Exchange: N/A
Fax Number: 819 762-0097 Stock Symbol:
Date of Formation: Jan 24 2007 Auditor: Raymond Chabot Grant Thornton
Governing Jurisdiction: Canada General Partner:
Industry Classification: junior natural resource - mining Transfer Agent: Computershare Investor Services Inc.
CUSIP Number: Size of Issuer (Assets): Under $5,000,000
Financial Year-End: Dec 31
Visible Gold Mines Inc.
Profile
Mailing Address: 139, boul. Québec
Bureau 202
Rouyn-Noranda, Québec
J9X 6M8
Head Office Address: 139, boul. Québec
Bureau 202
Rouyn-Noranda, Québec
J9X 6M8
Contact Name: Sylvain Champagne Short Form Prospectus Issuer: No
Business e-mail address: schampagne@fieldexexploration.com Reporting Jurisdictions: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland
Telephone Number: 819 762-0609 Stock Exchange: N/A
Fax Number: 819 762-0097 Stock Symbol:
Date of Formation: Jan 24 2007 Auditor: Raymond Chabot Grant Thornton
Governing Jurisdiction: Canada General Partner:
Industry Classification: junior natural resource - mining Transfer Agent: Computershare Investor Services Inc.
CUSIP Number: Size of Issuer (Assets): Under $5,000,000
Financial Year-End: Dec 31
" BC-e-Fieldex-VisibleGold 07-12 0601
News release via CNW Telbec, Montreal 514-878-2520 -MC-
Attention Business/Financial Editors:
^Visible Gold Mines Files Final Prospectus for Initial Public Offering@
/THIS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
ROUYN-NORANDA, QC, July 12 /CNW Telbec/ - Fieldex Exploration Inc.
(TSXV:FLX and FSE:F7E) is pleased to announce that Visible Gold Mines Inc.
(TSXV: VGD) has filed a final prospectus and obtained a receipt for the
prospectus from the securities regulatory authorities in each of the provinces
of Canada in connection with an initial public offering and a secondary
offering by way of dividend in kind.
Visible Gold is effecting an initial public offering of a minimum of
3,000 units and a maximum of 5,000 units in the provinces of Quebec, Ontario,
British Columbia and Alberta at a price of $1,000 per unit, for maximum gross
proceeds to Visible Gold of $5,000,000. Each unit will consist of:
(i) 1,000 "flow-through" common shares of Visible Gold at a price of $0.50 per
share ($500); (ii) 1,250 common shares at a price of $0.40 per share ($500);
and (iii) 1,125 common share purchase warrants, with each warrant entitling
the holder thereof to acquire one additional common share of Visible Gold at a
price of $0.60 for a period of two years. Desjardins Securities Inc. is the
agent for the initial public offering.
Concurrently with the initial public offering, Fieldex Exploration Inc.,
the principal shareholder of Visible Gold, will distribute an aggregate of
7,439,931 of the common shares of Visible Gold held by Fieldex to the
shareholders of Fieldex resident in each of the provinces of Canada, by way of
dividend in kind. The Board of Directors of Fieldex will fix a record date for
the distribution, which will be communicated by way of a separate press
release by Fieldex.
The proceeds from the initial public offering of units will be used by
Visible Gold for exploration work on its Stadacona East property, future
property acquisitions and for working capital and general corporate purposes.
A description of the recommended exploration program for the Stadacona East
property is summarized in the prospectus. A copy of the prospectus is
available under Visible Gold's company profile on SEDAR at www.sedar.com.
The initial public offering is expected to close on July 17, 2007, at
which time it is expected that Visible Gold's common shares will commence
trading on the TSX Venture Exchange under the symbol "VGD". The warrants
comprised in the units are also expected to commence trading on the
TSX Venture Exchange on the same date as the common shares.
Visible Gold has granted Desjardins Securities Inc. an option to offer up
to 750 additional units, representing 15% of the maximum number of units
offered, to cover over-allotments. The over-allotment option may be exercised
at the offering price of $1,000 per unit for a period of 30 days from the
closing of the offering. Should the over-allotment option be exercised in full
after a maximum offering, the total gross proceeds of the offering will be
$5,750,000.
Visible Gold's common shares have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons
absent U.S registration or an applicable exemption from U.S. registration
requirements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00008738E
-0- 07/12/2007
/For further information: Martin Dallaire, President, (819) 762-0609,
Fax: (819) 762-0097, mdallaire(at)visiblegoldmines.com/
(FLX.)
News release via CNW Telbec, Montreal 514-878-2520 -MC-
Attention Business/Financial Editors:
^Visible Gold Mines Files Final Prospectus for Initial Public Offering@
/THIS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
ROUYN-NORANDA, QC, July 12 /CNW Telbec/ - Fieldex Exploration Inc.
(TSXV:FLX and FSE:F7E) is pleased to announce that Visible Gold Mines Inc.
(TSXV: VGD) has filed a final prospectus and obtained a receipt for the
prospectus from the securities regulatory authorities in each of the provinces
of Canada in connection with an initial public offering and a secondary
offering by way of dividend in kind.
Visible Gold is effecting an initial public offering of a minimum of
3,000 units and a maximum of 5,000 units in the provinces of Quebec, Ontario,
British Columbia and Alberta at a price of $1,000 per unit, for maximum gross
proceeds to Visible Gold of $5,000,000. Each unit will consist of:
(i) 1,000 "flow-through" common shares of Visible Gold at a price of $0.50 per
share ($500); (ii) 1,250 common shares at a price of $0.40 per share ($500);
and (iii) 1,125 common share purchase warrants, with each warrant entitling
the holder thereof to acquire one additional common share of Visible Gold at a
price of $0.60 for a period of two years. Desjardins Securities Inc. is the
agent for the initial public offering.
Concurrently with the initial public offering, Fieldex Exploration Inc.,
the principal shareholder of Visible Gold, will distribute an aggregate of
7,439,931 of the common shares of Visible Gold held by Fieldex to the
shareholders of Fieldex resident in each of the provinces of Canada, by way of
dividend in kind. The Board of Directors of Fieldex will fix a record date for
the distribution, which will be communicated by way of a separate press
release by Fieldex.
The proceeds from the initial public offering of units will be used by
Visible Gold for exploration work on its Stadacona East property, future
property acquisitions and for working capital and general corporate purposes.
A description of the recommended exploration program for the Stadacona East
property is summarized in the prospectus. A copy of the prospectus is
available under Visible Gold's company profile on SEDAR at www.sedar.com.
The initial public offering is expected to close on July 17, 2007, at
which time it is expected that Visible Gold's common shares will commence
trading on the TSX Venture Exchange under the symbol "VGD". The warrants
comprised in the units are also expected to commence trading on the
TSX Venture Exchange on the same date as the common shares.
Visible Gold has granted Desjardins Securities Inc. an option to offer up
to 750 additional units, representing 15% of the maximum number of units
offered, to cover over-allotments. The over-allotment option may be exercised
at the offering price of $1,000 per unit for a period of 30 days from the
closing of the offering. Should the over-allotment option be exercised in full
after a maximum offering, the total gross proceeds of the offering will be
$5,750,000.
Visible Gold's common shares have not been registered under the United
States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons
absent U.S registration or an applicable exemption from U.S. registration
requirements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
%SEDAR: 00008738E
-0- 07/12/2007
/For further information: Martin Dallaire, President, (819) 762-0609,
Fax: (819) 762-0097, mdallaire(at)visiblegoldmines.com/
(FLX.)
Antwort auf Beitrag Nr.: 30.476.881 von 2014 am 03.07.07 21:20:12dto.