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Gold/Mining/Energy : AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange

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To: MICHEL GUIBERT who wrote (84)3/17/1997 9:48:00 PM
From: John Leather   of 329
 
Are you sure of the amount of shares outstanding? Panama sounds interesting!

I thought I read an earlier press release indicating 13,139,068 shares outstanding.

If the company issued further shares through the private placements, I thought that would add both:

a. 4,500,000 shares
b. 3,123,000 shares

By doing this, the dollar amount the company would get would be $7,505,000.

Can anyone verify this or correct the numbers if they are wrong?

Sounds like an interesting investment by spending $5,000,000 to get such an ongoing dollar return.

Is there any chance that they may still get an opportunity to participate in any other areas of the world?

John Leather
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