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Gold/Mining/Energy : Golden Arch Resources---GAI.V
GAI 8.8000.0%Mar 22 5:00 PM EST

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To: keith massey who wrote (48)3/18/1997 12:38:00 AM
From: Ahmed Elneweihi   of 359
 
Does not Cannacord have B warrants from their financing for GAI. They may be selling the stock and excerising their warrants locking in a sure 10-15 cents a share. OR, could it be that they do not want the stock to run and risk VSE's disapproval of the financing terms (35 cents a share), because the price would be much higher than the finance base of 35 cents? Is this the case here, or is the financing a done deal?
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