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Gold/Mining/Energy : American International Petroleum Corp

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To: Thu Ra Tin who wrote (853)	7/29/1997 2:17:00 PM
From: Michael Dappert	of 11888

Thu Ra Tin, Thanks for posting all the stuff about the meeting. I have one question though. I am holding the warrants. I am not that familiar with the way warrants work. You mentioned the company might call the warrants and that the warrants can be called if the stock price maintains $8 for 30 days. What happens to the warrants when they are called. Do you have to exercise 1 warrant +$4 for 1 stock share or lose out. If you have the time I would appreciate your response. MD

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