From: newsout@canada-stockwatch.com
Date: Tue, 10 Feb 1998 15:10:23 -0800
Subject: Stockwatch: Primero Industries Ltd - Private Placement
To: ajanko@erinet.com
1,045,000 flow through special warrants at $0.15
Primero Industries Ltd PMI
Shares issued 9,286,448 Feb 9 close $0.27
Tue 10 Feb 98 Private Placement
The VSE has accepted for filing a non-brokered private placement of
1,045,000 flow through special warrants at $0.15. Each special warrant is
exchangeable, at no additional cost, into one flow through share of and one
warrant to purchase an additional share at $0.15 in year one and at $0.18
in year two.
Placees: Leo Wong 200,000; Finn Holdings Ltd (Michael Flanagan)
100,000; Michael Flanagan 100,000; and 18 others
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