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 Thu Aug 23, 2001
Private Placement

 Sultan Minerals Inc. (SUL-cdnx) announces that further to the Company's news release issued August 15, 2001, an officer and director of Sultan Minerals Inc. has arranged with Octagon Capital Corporation for the sale of 2,000,000 shares of the Company at a price of $0.16 per share, through the facilities of the Canadian Venture Exchange. The proceeds from this sale will be used to fund the private placement of 2,000,000 units of Sultan Minerals Inc. at a price of $0.15.


A.G. Troup, P.Eng
President



For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com

No regulatory authority has approved or disapproved the information contained in this news release.
 
 

You can view the Next 2001 News Releases item: Tue Aug 28, 2001, Sultan Minerals Resumes Exploration Following Successful Financing and Favourable Metallurgy

You can view the Previous 2001 News Releases item: Wed Aug 15, 2001, Private Placement

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