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Gold/Mining/Energy : Primo Resources - PRI.VSE

PII 70.66

-1.7%

Jan 12 4:00 PM EST

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To: tom shelby who wrote (578)	6/5/2001 5:10:51 PM
From: tom shelby	of 579

news RIMO RESOURCES INTERNATIONAL INC. ("PII-V") - Private Placement Primo Resources International Inc. (the "Company") announces that it has agreed to a non-brokered private placement of its securities to raise up to $300,000, which will consist of the sale of up to 2,500,000 units at $0.12 per unit, of which up to 1,250,000 units will be flow-through units. Each unit consists of one common share and one two-year non-transferable share purchase warrant with each such share purchase warrant entitling each holder to purchase one additional common share of the Company for $0.16 during the first year of the warrant and at a price of $0.18 per share during the second year of the warrant. The units are subject to a hold period of 4 months. The proceeds from the private placement will be used for the acquisition of the Garvin County Project 10% working interest, drilling program and general working capital. A finder's fee for the private placement will be paid in shares. The private placement is subject to acceptance for filing by the Canadian Venture Exchange. TEL: (604) 689.4048 Georgia V. Knight, Director FAX: (604) 689.4078 email: info@primo-res.com Website: www.primo-res.com ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041. 010604K5+3+000066

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