Junior Western Troy Capital Resources (ASE) will offer its shareholders (of record on April 15, 1994) one transferable right for each common share held.
Four rights will entitle the holder to subscribe for one common share at a price of 50 cents per share.
If fully subscribed, the best-efforts offering will raise gross proceeds of about $233,000. The company will use the proceeds for working capital purposes as well as to carry out drilling and develop an exploration adit on its Menary Twp. property in northwestern Ontario.
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