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Allican initiates private placement. (Nonferrous).

Publication: American Metal Market
Publication Date: 22-NOV-02
Format: Online
Delivery: Immediate Online Access
Full Article Title: Allican initiates private placement. (Nonferrous).(Allican Resources Inc.)(Brief Article)

Article Excerpt
NEW YORK -- Allican Resources Inc. is proceeding with a private placement that will be used mainly to fund its Canadian $90-million ($57.8-million) ferrochrome project in Quebec.

The private placement consists of 714,286 common shares at 28 Canadian cents per share, each together with a half warrant, for a...



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