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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)
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To: Speirs, Robert who started this subject7/20/2000 10:15:50 AM
From: bully   of 1321
 
Re: News Release - Wednesday, July 19, 2000
2.5 Million Dollar Private Placement & Director and Employee
Incentive Stock Options
===========================================================================
The Board of Directors of International Wayside Gold Mines Ltd. (the
"Company") wish to announce a 3,000,000 unit private placement at the price
of $0.85 per unit, each unit consisting of one common share and one-half of
one non transferable share purchase warrant. Each full warrant and $1.15
entitles the holder thereof to purchase one share of the Company for a
period of one year from the closing of the private placement. A finders
fee is payable.

The Company wishes to announce Directors and Employees incentive stock
options for the purchase of 2,185,000 shares, exercisable on or before July
19, 2003 at a price of $1.00 per share.

The proceeds from the private placement will be used for working capital
and further exploration work on the Bonanza Ledge discovery at the
Company's Cariboo Gold Project near Wells British Columbia.

On Behalf of the Board of Directors,

J. Frank Callaghan
President

THE CANADIAN VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
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