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Gold/Mining/Energy : Prospectors Alliance Corp. (PALL- CDN)
PALL 205.67+3.4%Jan 25 4:00 PM EST

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To: matt who wrote (84)6/26/2000 3:36:00 PM
From: Midas  Read Replies (2) of 187
 
Hello Matt:

I spoke with management in Toronto and they are very upbeat about the recent Arbutus results (12.2 meters of 2.5%Zn+Pb). I was told that the drill has been pulled off the property while the company is arranging financing to continue exploration on the property. Three different parties have indicated a strong interest in financing the next phase of exploration. Two of the three parties have seen the core and the property, and the third party will be on the property tomorrow. Several meetings have been held with each of the interested parties to negotiate terms for the financing. I was told that PALL hopes to have a deal finalized by the end of the week.

I hope this helps.

Midas
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