MARK RESOURCES TO SELL SECURITIES
<Mark Resources Inc> said it
agreed to sell 50.3 mln dlrs of securities to Canadian
investment dealers Nesbitt Thomson Deacon Inc, Gordon Capital
Corp and First Marathon Securities Ltd.
    Mark said the securities would consist of 2.3 mln series A
special warrants at 11 dlrs each, with each exchangeable for
one common share, and 25,000 series B special warrants at 1,000
dlrs each and each exchangeable for one 1,000 dlr seven pct
convertible subordinated debenture.
    Closing is expected March 17, it said.
 Reuter
