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Gold/Mining/Energy : Adamas Resources (V.AMS)

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To: JIM FINDLATER who wrote (1245)	11/3/1997 11:19:00 AM
From: GOLDIGER	Read Replies (3) of 2015

Hi Jim Adamas Resources Corp - Private placement financing for $150,000 Adamas Resources Corp AMS Shares issued 7617989 1997-10-31 close $0.22 Monday Nov 3 1997 Mr Stephen Doppler reports Adamas Resources has negotiated a private placement for 681,818 units at $0.22. Each unit will be comprised of one common share and one non-transferable, two year warrant, exercisable at $0.30 in the first year and $0.35 in the second year. Upon closing, the placement will net the company $150,000; the proceeds will be allocated to general working capital. A finder's fee of $15,000 will be payable (in cash) to Andria Clark. This placement has been structured independently of the US$1,000,000 financing which IBK Capital Corp, acting as the company's fiscal agent, continues to work on. IBK has been advised of this placement, and has indicated its approval of this financing being done independently of the larger private placement it is seeking to complete on the company's behalf. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com GOLDIGER.

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