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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM)

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To: Peter Neidhardt who wrote (319)	2/18/1998 11:23:00 AM
From: Kent C.	Read Replies (1) of 536

Hello Peter, Cash on hand at September 30, 1997 was $121,935. The Company has arranged a private placement of $510,000. The funds will be used to continue with exploration programs on the Nevada properties. I think that short / mid-term, PLM will benefit greatly from the action in South Voisey Bay (Donner/Teck Joint Venture). See their website for their property locations. pallaum.com They are also featured on my site, investor1.com I don't know much about the Nevada property, I think most of the interest in the first quarter will be on SVB. I think they are planning a drill program for their Voisey Bay property, if this is true, I'm sure they will do a financing for it. For more information contact: Mark Crowther - Investor Relations via email: info@pallaum.com PALLAUM MINERALS LTD. Suite 570, 1050 West Pender Street Vancouver, British Columbia V6E 3S7 Tel: (604) 687-5257 Fax: (604) 687-0384 Toll Free: 1-800-895-2211 info@pallaum.com pallaum.com (Very Nice Website!!)

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