Rex Diamonds-Sierra Leone Message Board

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Gold/Mining/Energy : Rex Diamonds-Sierra Leone

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To: Ross Orr who wrote (31)	3/18/1997 11:01:00 AM
From: Alan Casey	of 41

Press release this a.m. that REX is going ahead with mining/delineation/expolration work in Sierra Leone. Should be good news in both the short and longer term. One item that was worthy of note is that CIBC Wood Gundy is the lead on a $35M warrant issue to take place over the next few months. I believe that previously First Marathon was the lead. This is the same CIBC that recently came out with a strong buy on this stock causing a significant run-up. I'm not complaining (being long @ $2.60), but certainly appears that the appearance of conflict might exist here.

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