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Warrants Alert

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Warrant Symbol - UMJ.WT
Number  Trading - 1,941,000
Expiration Date - May 17, 2005
Cusip - 91728F 13 0
Exercise Price - $0.85

Warrants Called to Trade News:

Ursa Major Minerals warrants to list on Nov. 17

2003-11-14 14:27 MT - Warrants Called to Trade
The company's short form offering document dated Oct. 22, 2003, was filed with and accepted by the TSX Venture Exchange on Oct. 29, 2003. The TSX-V has now been advised that the offering closed on Nov. 14, 2003.

Agent: Haywood Securities Inc.

Offering: 1,941,000 units. Each unit consists of one common share and one transferable share purchase warrant.

Unit price: 85 cents per unit

Warrant exercise price/term: Each warrant entitles the holder to purchase one additional common share at a price of $1.10 per share for an 18-month period.

Agent's warrants: 194,100 non-transferable warrants, each exercisable to purchase one share at 85 cents per share for a period of 18 months.

Agent's commission: 7 per cent of the gross proceeds raised, payable with $19,794.37 in cash and 112,582 agent's units. The agent's units are identical to the units sold through the offering. The agent will also receive a corporate finance fee of $10,000.

Transfer agent: Equity Transfer Services Inc.

Warrant trading symbol: UMJ.WT
Warrant Cusip No.: 91728F 13 0




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