MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
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The above $875,000 Cdn is comprised of $660,000 flow-through funds and $215,000 working capital. The Company will issue 3,875,000 one-half warrants exercisable for a period of 24 months. Upon exercise of two one-half warrants and payment of $0.25 Cdn, warrant holders will be issued one non flow-through common share. The Company will also issue 500,000 full warrants which each will be exercisable within a period of 24 months and payment of $0.25 Cdn for one common share.
Finder's fees may be paid on these transactions, subject to the policies of the TSX Venture Exchange. All shares issued will be subject to a hold period per the policies of the TSX Venture Exchange, and these Private Placements are subject to the approval of the TSX Venture Exchange.
Novawest invites the public to visit its website at http://www.Novawest.com or e-mail us at Novawest(at)Novawest.com to be added to the Company's e-mail list for press releases and updates.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NOVAWEST RESOURCES INC.
"Patrick D. O'Brien"
-------------------------------
Patrick D. O'Brien - Chairman
Novawest invites the public to visit its website at
http://www.novawest.com or e-mail the company
at novawest(at)novawest.com to be added
to the company's e-mail list for press
releases and updates.
S.E.C.Exemption12(g)3-2(b) File No. 82-3822, Standard & Poors Listed, Dun & Bradstreet Listed
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUITE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. “SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN
For further information
Suite 1600, The Bower Building, 543 Granville Street, Vancouver, British Columbia, Canada, V6C 1X8, Tel: (604) 683-8990, Toll-Free: 1-800-663-8990, Fax: (604) 683-8903, www.novawest.com, novawest@novawest.com
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