Matamec Explorations Inc, Raises $1,080,000 From Flow Trough Financing
01/12/01 - VAL-D'OR, QUEBEC--The management of Matamec Explorations Inc. is pleased to announce that it has raised a total $1,080,000 from a public offering closed on December 31 2000 for Category A units. Category B units can be purchased until May 31, 2001. Each category B unit consists of 4 000 common shares at the price of $0.25 each ($1,000) and 4,000 warrants, allowing the holder to purchase one (1) common share of Matamec at the price of 0.33$ before June 12, 2002. The latter shares may be freely traded upon reception of the share certificate.
Matamec will use the proceeds from this public offering for exploration work on the Sakami property where work is scheduled to resume at the end of January 2001.
Earlier this year, Matamec reported that channel samples cut perpendicular to the principal structural fabric yielded the following results:
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1.9 g/t Au over 9.7m (Zone 23);
1.7 g/t Au over 20.8m (Zone 25);
2.1 g/t Au over 10.0m (Zone 26).
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FOR FURTHER INFORMATION PLEASE CONTACT:
MATAMEC EXPLORATIONS INC
Mr Luc Lamarche
President
(819) 738-7680
(819) 738-7680 (FAX)
MATAMEC EXPLORATIONS INC
1576, Chemin Sullivan, bur. # 2
Val d'Or, Québec
J9P 1M3
Phone: (819) 824-2688
Fax: (819) 824-2608
[email protected]
http://www.matamec.com/
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