ASHTON MINING OF CANADA (ACA) Message Board

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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Famularo who wrote (2999)	11/29/1997 10:25:00 PM
From: Alfonso Agostino	Read Replies (1) of 7966

Hi Frank If they continue with the 1000 ton sample. What is the possiblity of a financing done. I would agree that if a 1000 ton sample were to proceed then that is a very bullish move on Ashton's part. What are the costs associated with a sample of that size? They financed at the 3 dollar level, what do you feel the possiblity of another financing in the near future. I believe that if a NR confirms a 1000 ton sample then hopefully the market would respond favourable enough for ashton to finance at higher price level thus, decreasing the amount of shares to issue for that and not dilute the float as much. Previous financing i believe was 5 million shares at 3 dollars($15million) at current levels it would only take 3millions shares to acquire the same amount of financing. Correct me if im wrong please don;t wanna give the wrong info to interested investors. Comments Frank or anybody else Thanks in Advance Alfonso BTW thanks for the reply frank got it yesterday.

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