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Article: Bell Coast Capital Corp.: Sheep Mountain Terms Amended $3,000,500 Financing Arranged.
- Article from:
- Business Wire
- Article date:
- November 25, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia -- Bell Coast Capital Corp. (TSX VENTURE: BCP)
Mr. Rahoul Sharan, President of Bell Coast Capital Corp. ("Bell Coast") is pleased to announce that it is proceeding with its due diligence of the Sheep Mountain uranium mines and properties held by US Energy Corp. (Nasdaq SC:USEG) and Crested Corp. (BB:CBAG) doing business as USECC.
As part of its due diligence, Bell Coast and USECC have re-negotiated the total acquisition cost of the Sheep Mountain project. Bell Coast will now make payments up to $4,050,000 and 4 million shares of Bell Coast common stock to US Energy and Crested. The initial $100,000 is a non-refundable ...