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Gold/Mining/Energy : ISLAND-ARC RESOURCES IAR-VSE

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To: The Fix who wrote (19)	1/14/1998 12:51:00 AM
From: The Fix	Read Replies (1) of 186

News....News.....News Subject: Stockwatch: Island-Arc Resources Corporation - Private Placement Date: Tue, 13 Jan 1998 14:39:23 -0800 320,000 special warrants at $0.25 Island-Arc Resources Corporation IAR Shares issued 8,583,285 Jan 7 close $0.33 Tue 13 Jan 98 Private Placement The VSE has accepted for filing a brokered private placement of 320,000 special warrants at $0.25. Each special warrant is exchangeable into one flow through common share and one warrant exercisable into one flow through share at $0.25 in the first year and at $0.29 in the second. The placees are: Helen Angus 120,000; Randy Butchard 100,000; Gary Beauregard 60,000; and William H. McConnachie 40,000

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