Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: john who wrote (1819)	12/14/1997 10:59:00 AM
From: Mike	Read Replies (1) of 4718

John, I dont think they raised 24 million as you suggest. A big portion of that financing fell through when the Rappa purchase did. I think they have only gone through about 7 million. This is not abnormal, as they youst bought into the B.C. property with big upfront costs, that are clear now, and there were payments to be made in indonesia to aquire the position in the property that they now have (76.5%). Now that everything is secure, they only have the costs of exploration, which they now set as they are the operators on both properties...... Mike

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