Matamec Explorations Inc. obtains Visa for Final Prospectus From QSC
12/14/00 - VAL D'OR, QUEBEC--Matamec Explorations Inc. has obtained its visa for the final prospectus submitted to the Quebec Securities Commission. The offer consists of the issuance of units A for a minimum of 270 units ($270,000) and a maximum of 1,250 units ($1,250,000) and 100 units B ($100,000). Each unit A and B are offered at a price of $1,000. Units A are composed of 2,500 flow-through shares of the company at a price of $0.32 per share ($800) and 800 commons shares at a price of $0.25 ($200). Units B include 4,000 commons shares at a price of $0.25 and each common share is accompanied by a purchase warrant; a warrant and $0.33 are required for the acquisition of one comon share ot the compagny on or before a period of 18 months.
The proceeds of this placement will be used to finance the exploration program on the Sakami Property (James-Bay). Canaccord Capital Corporation is the managing dealer for this prospectus.
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FOR FURTHER INFORMATION PLEASE CONTACT:
MATAMEC EXPLORATIONS INC
Mr Luc Lamarche
President
(819) 738-7680 (Phone and 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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