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Gold/Mining/Energy : Rock Resources
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To: the Chief who wrote (1803)4/9/2000 3:25:00 PM
From: Keith Minler  Read Replies (3) of 1996
 
Hi Chief Hope your move into your new digs has gone well.

Don't know if you have seen the following news release; confirms an earlier rumour that the drilling comp;any was being paid at least partially in shares; I assume that this is the company drilling in Chile, don't know who Pictet and Cie are but I assume also a Chilean company. Here is the text:

Rock private placement

Rock Resources Inc RKR
Shares issued 46,851,719 Apr 7 close $0.71
Fri 7 Apr 2000 Private Placement
The Canadian Venture Exchange has accepted for filing a non-brokered
private placement of:
No. of shares: 500,000
Price: 50 cents
Warrants: For 500,000 shares
Wt exercise price: 50 cents for two years
Placees: Major Drilling Group 290,000; and Pictet & Cie 100,000
Insider: Elston Johnston 110,000
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

I feel this is great news; surely the drilling co. would not be accepting payment in shares unless they were pretty sure they would have decent results!! Haven't had time to check out insider trading and don't know who Elston Johnston is but it has to be another large vote of confidence.

Question for the day, once the initial assay is complete will they release the results to the general public before giving them to the majors who have signed confidentiality agreements?

Starting to get exciting again!!!

Later

Keith
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