saad2004
day trading
- التسجيل
- 2 أكتوبر 2003
- المشاركات
- 1,052
LAS VEGAS--(BUSINESS WIRE)--Aug. 19, 2004--U.S. Canadian Minerals
Inc. (OTCBB: UCAD - News) announced today that it has signed an
agreement with a private investment company for the purchase by the
investment company of $9,005,355 USD of U.S. Canadian Minerals Inc.
common shares in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that
will apply for its shares to be admitted to trading on the London
Stock Exchange as an investment trust. The investment company has
been established specifically to invest in U.S. micro cap companies
with long-term growth potential. The investment company expects its
shares to be trading on the London Stock Exchange by Sept. 30, 2004.
"This investment will enable UCAD to continue its rapid growth and
expand its worldwide operations," said Rendal Williams, CEO of U.S.
Canadian Minerals Inc.
The investment company has entered into a "lock-up" agreement with
U.S. Canadian Minerals Inc. pursuant to which it has agreed not to
trade U.S. Canadian Minerals Inc. shares it will receive as a result
of this transaction for a period of two years from the closing date.
In full payment for the shares of U.S. Canadian Minerals Inc., the
investment company will issue to U.S. Canadian Minerals Inc.
$9,005,355 USD equivalent of its shares at a price per share valued
at one pound sterling.
Fifty percent of the investment company's shares issued to U.S.
Canadian Minerals Inc. will be held in escrow for two years
following their issuance and in the event the per share market price
of U.S. Canadian Minerals Inc. common stock at such time is less
than the per-share value of U.S. Canadian Minerals Inc. stock at the
time of the closing, the investment company shall be entitled to the
return out of escrow a percentage of the investment company's shares
equal to the market value of such decline. The remaining shares held
in escrow shall be released to U.S. Canadian Minerals Inc. at such
time. The closing of this transaction is subject to certain
contingencies, including the listing of the investment company
shares on the London Stock Exchange on or before Sept. 30, 2004.
LAS VEGAS--(BUSINESS WIRE)--Aug. 19, 2004--U.S. Canadian Minerals
Inc. (OTCBB: UCAD - News) announced today that it has signed an
agreement with a private investment company for the purchase by the
investment company of $9,005,355 USD of U.S. Canadian Minerals Inc.
common shares in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that
will apply for its shares to be admitted to trading on the London
Stock Exchange as an investment trust. The investment company has
been established specifically to invest in U.S. micro cap companies
with long-term growth potential. The investment company expects its
shares to be trading on the London Stock Exchange by Sept. 30, 2004.
"This investment will enable UCAD to continue its rapid growth and
expand its worldwide operations," said Rendal Williams, CEO of U.S.
Canadian Minerals Inc.
The investment company has entered into a "lock-up" agreement with
U.S. Canadian Minerals Inc. pursuant to which it has agreed not to
trade U.S. Canadian Minerals Inc. shares it will receive as a result
of this transaction for a period of two years from the closing date.
In full payment for the shares of U.S. Canadian Minerals Inc., the
investment company will issue to U.S. Canadian Minerals Inc.
$9,005,355 USD equivalent of its shares at a price per share valued
at one pound sterling.
Fifty percent of the investment company's shares issued to U.S.
Canadian Minerals Inc. will be held in escrow for two years
following their issuance and in the event the per share market price
of U.S. Canadian Minerals Inc. common stock at such time is less
than the per-share value of U.S. Canadian Minerals Inc. stock at the
time of the closing, the investment company shall be entitled to the
return out of escrow a percentage of the investment company's shares
equal to the market value of such decline. The remaining shares held
in escrow shall be released to U.S. Canadian Minerals Inc. at such
time. The closing of this transaction is subject to certain
contingencies, including the listing of the investment company
shares on the London Stock Exchange on or before Sept. 30, 2004.
So UCAD will own 15% of CMKM
London Investment Company Enters Into Agreement With U.S. Canadian
Minerals Inc. for the Purchase of $9,005,355 USD of U.S. Canadian
Minerals Inc. Shares
Thursday August 19, 4:56 pm ET
London Investment Company Enters Into Agreement With U.S. Canadian
Minerals Inc. for the Purchase of $9,005,355 USD of U.S. Canadian
Minerals Inc. Shares
Thursday August 19, 4:56 pm ET
Inc. (OTCBB: UCAD - News) announced today that it has signed an
agreement with a private investment company for the purchase by the
investment company of $9,005,355 USD of U.S. Canadian Minerals Inc.
common shares in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that
will apply for its shares to be admitted to trading on the London
Stock Exchange as an investment trust. The investment company has
been established specifically to invest in U.S. micro cap companies
with long-term growth potential. The investment company expects its
shares to be trading on the London Stock Exchange by Sept. 30, 2004.
"This investment will enable UCAD to continue its rapid growth and
expand its worldwide operations," said Rendal Williams, CEO of U.S.
Canadian Minerals Inc.
The investment company has entered into a "lock-up" agreement with
U.S. Canadian Minerals Inc. pursuant to which it has agreed not to
trade U.S. Canadian Minerals Inc. shares it will receive as a result
of this transaction for a period of two years from the closing date.
In full payment for the shares of U.S. Canadian Minerals Inc., the
investment company will issue to U.S. Canadian Minerals Inc.
$9,005,355 USD equivalent of its shares at a price per share valued
at one pound sterling.
Fifty percent of the investment company's shares issued to U.S.
Canadian Minerals Inc. will be held in escrow for two years
following their issuance and in the event the per share market price
of U.S. Canadian Minerals Inc. common stock at such time is less
than the per-share value of U.S. Canadian Minerals Inc. stock at the
time of the closing, the investment company shall be entitled to the
return out of escrow a percentage of the investment company's shares
equal to the market value of such decline. The remaining shares held
in escrow shall be released to U.S. Canadian Minerals Inc. at such
time. The closing of this transaction is subject to certain
contingencies, including the listing of the investment company
shares on the London Stock Exchange on or before Sept. 30, 2004.
LAS VEGAS--(BUSINESS WIRE)--Aug. 19, 2004--U.S. Canadian Minerals
Inc. (OTCBB: UCAD - News) announced today that it has signed an
agreement with a private investment company for the purchase by the
investment company of $9,005,355 USD of U.S. Canadian Minerals Inc.
common shares in exchange for shares of the investment company.
The investment company is a newly formed London-based entity that
will apply for its shares to be admitted to trading on the London
Stock Exchange as an investment trust. The investment company has
been established specifically to invest in U.S. micro cap companies
with long-term growth potential. The investment company expects its
shares to be trading on the London Stock Exchange by Sept. 30, 2004.
"This investment will enable UCAD to continue its rapid growth and
expand its worldwide operations," said Rendal Williams, CEO of U.S.
Canadian Minerals Inc.
The investment company has entered into a "lock-up" agreement with
U.S. Canadian Minerals Inc. pursuant to which it has agreed not to
trade U.S. Canadian Minerals Inc. shares it will receive as a result
of this transaction for a period of two years from the closing date.
In full payment for the shares of U.S. Canadian Minerals Inc., the
investment company will issue to U.S. Canadian Minerals Inc.
$9,005,355 USD equivalent of its shares at a price per share valued
at one pound sterling.
Fifty percent of the investment company's shares issued to U.S.
Canadian Minerals Inc. will be held in escrow for two years
following their issuance and in the event the per share market price
of U.S. Canadian Minerals Inc. common stock at such time is less
than the per-share value of U.S. Canadian Minerals Inc. stock at the
time of the closing, the investment company shall be entitled to the
return out of escrow a percentage of the investment company's shares
equal to the market value of such decline. The remaining shares held
in escrow shall be released to U.S. Canadian Minerals Inc. at such
time. The closing of this transaction is subject to certain
contingencies, including the listing of the investment company
shares on the London Stock Exchange on or before Sept. 30, 2004.
So UCAD will own 15% of CMKM
London Investment Company Enters Into Agreement With U.S. Canadian
Minerals Inc. for the Purchase of $9,005,355 USD of U.S. Canadian
Minerals Inc. Shares
Thursday August 19, 4:56 pm ET
London Investment Company Enters Into Agreement With U.S. Canadian
Minerals Inc. for the Purchase of $9,005,355 USD of U.S. Canadian
Minerals Inc. Shares
Thursday August 19, 4:56 pm ET