nichts gegen riddimman, aber
I prefer harry als Threaderöffner.
December 30, 2010
EVANACHAN LIMITED FILES EARLY WARNING REPORT IN CONNECTION WITH PRIVATE PLACEMENT IN LEXAM EXPLORATIONS INC.
DECEMBER 30, 2010, TORONTO, ONTARIO, CANADA. Evanachan Limited ("Evanachan"), an entity wholly owned by Robert R. McEwen, Chairman and CEO of Lexam Explorations Inc. ("Lexam"), has subscribed, by way of a private placement for 4,960,318 units (the "Units") of Lexam at a price of $1.008 per Unit for an aggregate amount of $5,000,000. Each Unit consists of one Lexam common share ("Share") and one-half of one Lexam purchase share warrant, with each full warrant exercisable at an exercise price of $2.10 per Lexam common share for a period of two years following the closing of the private placement (the
"Transaction"). The Common Shares purchased represent 9.3% of the number of currently outstanding Common Shares of Lexam. The Shares were issued from Lexam's treasury. The Transaction was subject to Lexam shareholder and Ontario Superior Court of Justice approval.