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Gold/Mining/Energy : Eastfield Resources Ltd.

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To: Eastfield Resources Ltd. who wrote (33)2/4/1998 1:59:00 PM
From: Eastfield Resources Ltd.  Read Replies (1) of 59
 
NEWS RELEASE - February 2, 1998 SPECIAL WARRANTS FINANCING

Subject to regulatory approval, the Company has reached an agreement with Canaccord Capital Corp. whereby Canaccord will assist the Company in the placement of up to 2,500,000 special warrants at a price of $0.30 per warrant. Upon the completion of a prospectus, each special warrant allows the purchaser to exchange the warrant for one unit. Each unit is comprised of one common share and one non-transferable two-year share purchase warrant for the purchase of one common share at a price of $0.30 per share for the first year and at $0.35 per share for the second year.


David M. Douglas, CA
Director

Web site direct.ca

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.
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