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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (25955)	11/21/2006 3:49:10 PM
From: Condor	Read Replies (1) of 78416

PFN is moving because of Stillwaters vote of confidence and rising PGM prices I expect. Anglo Platinum has a very large investment in PFN and has stuck with them for years on their River Valley PGM exploration. +++++++++++++++++++++++++++++++++++++++++++++++++++ Pacific North West arranges financing with Stillwater 2006-11-17 09:21 ET - News Release Mr. Harry Barr reports STILLWATER MINING COMPANY (NYSE: SWC) INVESTS $2 MILLION INTO PACIFIC NORTH WEST CAPITAL CORP. Pacific North West Capital Corp. has arranged a non-brokered private placement of 4,444,444 common shares at a price of 45 cents per common share for gross proceeds of $2-million with Stillwater Mining Company. No finder's fee or commission will be paid. Proceeds will be used for general working capital purposes and to finance the continuing evaluation and acquisition of new projects. The foregoing is subject to board and regulatory approval. Harry Barr, president and chief executive officer of PFN, stated: "We are pleased to have Stillwater Mining Company, one of the world's leading producers of platinum group metals and a significant primary producer of palladium in the Western Hemisphere, as an investor in Pacific North West Capital Corp. The funds will allow PFN to further develop its wholly owned projects and acquire new projects that meet our investment criteria." Francis McAllister, chairman and CEO of Stillwater, commented, "Our investment in Pacific North West Capital Corp. will allow our company to participate in the growth of one of North America's foremost platinum group metal exploration companies."

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