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Gold/Mining/Energy : Starpoint Gold

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To: john mcknight who wrote (1751)11/3/1997 5:01:00 PM
From: D. Wei  Read Replies (1) of 2378
 
$300,000 private placement not proceeding; 800,000 unit private placementÿ
arrangedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
Starpoint Goldfields Incÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ STS
Shares issued 6,444,175ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Oct 31 close $0.19
Mon 3 Nov 97ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release
Mr Harry Z. Bristman reports
Further to the news in Stockwatch dated June 24 1997, the private placement
will not proceed due to market conditions.
The company has arranged a non-brokered private placement for 800,000 units
atÿ $0.15ÿ comprisedÿ ofÿ one share and one two year warrant exercisable at
$0.15 in the first year and $0.18 in the second year.
The proceeds will be used for exploration andÿ researchÿ onÿ theÿ company's
properties in the Democratic Republic of Congo and for working capital.
Mr Peter Feltham has been appointed technical advisor.
Mr Anthony D'Eon has resigned as a director of the company.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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