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Gold/Mining/Energy : amcan minerals

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To: Wats who wrote (45)	3/25/1998 10:43:00 PM
From: Wats	Read Replies (1) of 71

$525,000 financing completedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AmCan Minerals Ltdÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AMF Shares issued 27,092,269ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Mar 24 close $0.18 Wed 25 Mar 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr Bronson Conrad reports On March 11 1998, the companyÿ completedÿ theÿ $525,000ÿ privateÿ placement financingÿ reportedÿ in Stockwatch December 24 1997. The proceeds are being used toÿ financeÿ theÿ AmCan/Oriole,ÿ Angolaÿ project.ÿ Specializedÿ mining equipment which is being custom built in the UK, is nearing completion, and is expected to be shipped to Angola shortly, along with the dredge that the companyÿ hasÿ acquired from a manufacturer in Holland. On arrival at Luanda the equipment will then be transported over land to the Tejok propertyÿ and onceÿ thereÿ itÿ willÿ takeÿ approximately seven to 10 days to assemble and become operational. (c) Copyright 1998 Canjex Publishing Ltd.

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