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Gold/Mining/Energy : ETC Industries - Gold - Peru

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To: pete meyer who wrote (192)3/19/1998 10:11:00 AM
From: pete meyer  Read Replies (1) of 244
 
Etc gets funding ..I guess this is good news !!

E.T.C. INDUSTRIES LTD. ("EIL-V;ETCUF-L")

- $225,000 Private Placement

Kenneth B. Liebscher, President/Director of E.T.C. INDUSTRIES LTD. (EIL)
announces that the Company has arranged a non-brokered private placement
of 1,500,000 units at $0.15 for $225,000. One unit will consist of one
share and one warrant to purchase an additional share at $0.15 in the
first year and $0.17 in the second year.

The funds will be used to complete the current drill program on the
Chupaca property in Ancash Department of Peru and for working capital.

TEL: (604) 683-6648 Kenneth B. Liebscher, President/Director FAX: (604)
683-1350 Email: gmusil@direct.ca Internet: etcindustries.com
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