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Gold/Mining/Energy : African Metals Corporation(AFR-Cdnx)(was Shiega resources)
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To: Fred Corsiglia who wrote (77)3/3/1998 1:52:00 AM
From: Wats  Read Replies (1) of 151
 
Hi Fred: A good news release....
1m unit financingÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
Shiega Resources Corpÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ SHG
Shares issued 19,211,060ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Feb 27 close $0.24
Mon 2 Mar 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release
Mr Donald Nicholson reports The companyÿ hasÿ concludedÿ negotiationsÿ forÿ theÿ privateÿ placementÿ of 1,000,000ÿ unitsÿ at $0.35, each consisting of one share and one warrant to purchase an additional share at $0.40 for 12 months. Net proceedsÿ willÿ be
usedÿ toÿ advanceÿ current exploration projects of the company in Ghana and Mali, West Africa. The company has agreed to pay a finder's fee of $33,750 in cashÿ orÿ shares to Gen Too Research.
(c) Copyright 1998 Canjex Publishing Ltd.

Regards,
wats
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