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Crew Development Announces Ownership Of Mindex ASAIncreased To 97.7%; $4 Million Private...

Publication: Business Wire
Date: Tuesday, February 29 2000

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 29, 2000

(TSE:CRU.) (FRANKFURT:KNC)

Crew Development Corp. is pleased to announce that, further to its News Release of January 18, 2000, the Company has acquired a total of 97.7% of the

shares of Mindex ASA, as a result of the recent mandatory offer to the Mindex shareholders. It is Crew's intention to acquire the balance of the Mindex shares under the terms of the Norwegian Company Act, and to de-list Mindex from the Oslo Stock Exchange.

The Company is also pleased to announce, further to the News Release of February 29, 2000, the successful completion of a $4 million private placement, with two major international institutions who were already significant shareholders of Crew, the proceeds of which will primarily be used to accelerate the Company's Greenland gold and Philippine nickel-cobalt projects.

The placement comprised 3.2 million units at a price of $1.25 per unit, comprising one share and one warrant, which is exercisable at $1.50 for a period of 12 months.

John M. Darch, President and C.E.O.

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VANCOUVER, British Columbia--(BUSINESS WIRE)--July 5, 1999-- Crew Dev. Corp.(TSE:CRU.) (VSE:CRU.) (FRANKFURT:KNC) The Company is pleased to announce that Metorex, its operating arm in southern Africa ......

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Company: Crew Development Corp.

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