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Gold/Mining/Energy : Starpoint Gold

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To: jocko who wrote (1471)5/22/1997 5:49:00 PM
From: Mike Paulin   of 2378
 
The Last press release, I dont understand what this really means
but I am glad something is appening.
Sincerely, Michel.
==================================================
Subject:
Stockwatch: Starpoint Goldfields Inc - News Release
Date:
Thu, 22 May 1997 14:04:55 -0700
From:
newsout@canada-stockwatch.com
To:
mpaulin@cport.com

$405,000 private placement; Riverstone exploration to begin

Starpoint Goldfields Inc STS
Shares issued 6,444,175 May 21 close $0.22
Thu 22 May 97 News Release
Mr Harry Bristman reports
The company has arranged a non-brokered private placement of 2.7 million
units at $0.15 for $405,000. The units will be comprised of one share and
one two year warrant exercisable at $0.15 in the first year and at $0.18 in
the second. Proceeds will be used for a work program on the company's
alluvial diamond property, the Riverstone concession in Lunda Norte,
Angola, working capital, and further acquisitions in Africa.
Work on the Riverstone concession is expected to begin as soon as possible.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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