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Gold/Mining/Energy : Montello Resources

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To: Just Wayne who wrote (4254)	1/11/2001 12:49:07 AM
From: Chris K.	of 4256

<private placement of, I believe, 1.75 million units.> Make that 2.5 million units as per today NR. Montello Resources Ltd MEO Shares issued 50,418,636 Jan 9 2001 close $.130 Jan 10 2001 2:28:35 Mr. Patrick Power reports The private placement of 1.75 million units of the company at a price of 10 cents per unit as stated in the company's news release in Stockwatch Jan. 3, 2001, has been increased to a total of 2.5 million units at a price of 10 cents per unit. This transaction is subject to the approval of the Canadian Venture Exchange. Each unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share of the company at a price of 10 cents per share for a period of two years from the closing date.

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