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Gold/Mining/Energy : Phoenix Gold Resources (V.PHO)

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To: Richard Mazzarella who wrote (35)6/11/1997 10:18:00 AM
From: Turboe   of 285
 
Phoenix Gold Resources Ltd - News Release

100,000 share private placement

Phoenix Gold Resources Ltd PHOShares issued 50093121997-06-10 close $0.39Wednesday Jun 11 1997News ReleaseMs Cathy Astofooroff reports The company has placed a private placement of 100,000 shares at $0.30, in consideration for which the placee will receive a one year warrant to purchase a further 100,000 shares, exercisable at $0.35. The proceeds will be used to pay outstanding obligations and for unallocated working capital. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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