NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: HIGH RIVER GOLD MINES LTD.
TSE SYMBOL: HRG
APRIL 14, 2000
HIGH RIVER GOLD CLOSES $900,000 UNIT FINANCING WITH
TORONTO, ONTARIO--(TSE:HRG) - High River Gold Mines Ltd. is
pleased to announce that Jipangu Inc. has completed the purchase,
by way of private placement, of 1,500,000 units of the Company for
gross proceeds of $900,000.
Each unit consists of one common share and one common share
purchase warrant. Each warrant is exercisable for one share of
the common stock of the Company for $0.75 at any time until six
months from the date of closing of the private placement. The
Company has been advised that, following the transaction, Jipangu
Inc. will beneficially own approximately 22% of the outstanding
shares of High River.
Jipangu Inc. is High River's largest shareholder and the closing
of the current private placement further shows Jipangu's important
role in supporting High River's gold production and development
Proceeds from the private placement will be used for the Taparko
Project and general working capital purposes.
FOR FURTHER INFORMATION PLEASE CONTACT:
High River Gold Mines Ltd.
President and CEO