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Gold/Mining/Energy : Abitibi Mining

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To: Glenn J. Mullan who wrote (62)	4/29/1997 3:46:00 PM
From: stevie	of 96

Glenn or anyone: I found the following new release about Abitibi. My question is why would anyone want to buy this stock for $2 if you can get it for one-tenth that on the VSE. Secondly, are these warrant prices realistic???? Can some one inform me what is happening, especially since this is "not a brokered placement."? What does this all mean??? Thanks Stevie Abitibi Mining Corp - Private Placement 250,000 shares at $2.00 Abitibi Mining Corp ABB Shares issued 16869693 1997-04-24 close $0.32 Friday Apr 25 1997 Private Placement The VSE has accepted for filing a non-brokered private placement of: No. of shares: 250,000 Price: shares: $2.00 Warrants:ares: For 1,500,000 shares, in the first year 250,000 warrants are exercisable. Each year will allow for an additional 250,000 warrants to be exercised if the warrants are not exercised in the qualified year, the unexercised warrants will carry forward to the next year. Wt exercise price: $3.00 in year one; $4.00 in year two; $5.00 in year three; $6.00 in year four; $7.00 in year five; and $8.00 in year six. Placee:cise price: Kennecott Canada (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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