Company News Releases...
Private Placement of Flow-Through Shares
November 22, 2004
Pacific Booker Minerals Inc. announces that it has agreed to a private placement
of up to 481,928 flow-through common shares at a price of $4.15 per share for
gross proceeds of $2,000,000. The Agent for the offering on a best efforts basis
is Kingsdale Capital Markets Inc. The Agent has the right to exercise an option
to purchase an additional 15% of the total number of flow through shares sold
pursuant to the offering for a period of 30 days following the closing date. A
cash commission of 8% will be payable to the Agent upon closing of the
transaction. As well the company has agreed to grant to the Agent warrants equal
to 10% of the gross number of Flow-Through Shares sold by the Company from the
date hereof until the last closing of the Financing. These Broker Warrants will
be priced at the issue price of the Flow-Through Shares and will be exercisable
for a period of two years from the date of issue. Closing is scheduled on or
about December 9, 2004. There will be a finder's fee payable on this
An additional 5,000 shares of Flow-Through shares will be purchased by an
insider at a price of $4.15.
Proceeds will be used for the exploration of the Company's Morrison/Hearne Hill
project and for further definition of the Morrison Deposit.
This news release is not an offer of securities for sale in the United States.
The securities comprising this offering have not been, and will not be,
registered under the United States Securities Act of 1933 and may not be offered
or sold in the United States absent such registration or an exemption from
J. Paul Stevenson, CEO
Pacific Booker Minerals Inc.