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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR)

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To: Syncrude who wrote (623)4/3/1998 1:54:00 PM
From: Simon Lyonns   of 686
 
I just heard that Columbia Yukon's parent company, Waterfront Capital, has recently exercised 700,000 warrants for proceeds of $105,000 in CYR to top up the company's treasury.

So, the insiders are actually buying their own stock in anticipation of positive drill results. At least they believe in their own deal and are gearing up for another financing to further support the stock. Anyway, I just thought you might find this development encouraging. Have a good weekend.

Simon
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