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Warrant Symbol - BVT.WT
Number  Trading -
Expiration Date -
Cusip - 054945 11 8

Warrants called to trade news:

1998-03-31 14:50 MT - EOP Completed

Further to the VSE notice dated effective March 17 1998, the company has completed its initial distribution of shares to the public. The gross proceeds received by the company for the offering (400,000 units at $0.40, 350,000 flow through shares at $0.37 and 250,000 non-flow through shares at $0.35) were $377,000.
Trade date:  April 2 1998
Offering date:  March 18 1998
Expiry date:  May 1 1998
Offering:  400,000 units, each unit consisting of one share and one warrant to purchase an additional share at $0.40 for one year; 350,000 flow through shares; 250,000 non-flow through shares
Price:  $0.40 per unit; $0.37 per flow through share; $0.35 per non-flow through share
Capitalization:  2,750,001 shares issued
Escrow:  750,000 shares
Agent:  Brink, Hudson & Lefever
Transfer agent:  Montreal Trust Company
Directors:  Tba
Trading symbol:  BVT
Cusip No:  054945 10 0
Warrant trading symbol:  BVT.WT
Wt Cusip No:  054945 11 8


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