Holcorp issues special warrants

Holcorp Gold Mines (CDN) has raised proceeds of US$480,750 through a recent issue of 640,999 special warrants.

Each special warrant entitles the holder to acquire, at no extra cost, one common share and one-half share purchase warrant, on a pre-split basis. Each whole warrant allows the holder to acquire an additional common share at 90 cents on or before April 30, 1992.

Shareholders recently approved a 2-for-1 stock split and a company name change to Holcorp Mines Ltd. The company has also been given the go-ahead to sell up to 3.75 million special warrants at 75 cents each and purchase TSC Enterprises for US$3.75 million.