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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC)
AMC 2.590+2.0%Oct 31 9:30 AM EST

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To: Berry Picker who wrote (379)8/30/1999 9:31:00 AM
From: Neil Irwin  Read Replies (1) of 397
 
This news was released last week ... didn't notice it until now.

Neil.

==================
August 24, 1999
VSE Symbol: AMC

NEWS RELEASE
PRIVATE PLACEMENT CLOSES

Abacus Minerals Corporation announces that the non-brokered private placement, previously announced on June 7, 1999, closed today for proceeds of $85,000. Each unit consists of one common share and one common share purchase warrant of the Company. Each Warrant is exercisable for a period of two years at $0.20 to acquire one common share.

The common shares and any shares issued pursuant to the exercise of warrants will be subject to a four month hold expiring December 19, 1999.

On Behalf of the Board,
ABACUS MINERALS CORPORATION

"Steve L. Todoruk"

Steve L. Todoruk, P.Geo.
President
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