A placement of 600,000 units at 23 cents each has been announced by Garden Lake Resources (VSE). Each unit consists of one common share and one-half warrant. Redemption of one warrant plus 30 cents on or before March 21, 1994, entitles the holder to one additional Garden Lake share.
The initial placement will net $138,000 which will be used to evaluate mineral property acquisitions. The transaction is subject to regulatory approvals.
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