| 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. | |
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