Pamlico Resources Ltd.(PGP) Russian Diamonds Message Board

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Gold/Mining/Energy : Pamlico Resources Ltd.(PGP) Russian Diamonds

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To: rdww who wrote (23)	3/26/1998 3:47:00 PM
From: arizona_ice_tea	Read Replies (1) of 41

Another press release!!! PAMLICO RESOURCES LTD. Suite 406 - 535 Howe Street Vancouver, British Columbia V6C 2Z4 Telephone: (604) 688-9517 Fax: (604) 688-9726 E-mail: info@pamlicoresources.com Web site: www.pamlicoresources.com March 26, 1998 Trading Symbol: PGP NEWS RELEASE Pamlico Resources Ltd. (the Company) announced that it has negotiated, subject to regulatory approval, a private placement with a Canadian-based mutual fund and two other investors of 1,000,000 common shares at a price of $1.00 per share. The proceeds of the private placement will be used to fund exploration and staking costs on the company's Dorothy Lake Property, to pay costs to complete due diligence and make required interim funding on the Belozerskaya Property, to pay accounts payable and for general corporate purposes and working capital. Pamlico Resources Ltd. is a Vancouver-based mineral exploration and development company. PAMLICO RESOURCES LTD. "Terence A. Steel" Terence A. Steel President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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