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Gold/Mining/Energy : MILL CITY MIY-V

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To: Bob who wrote (327)	3/31/1998 8:45:00 AM
From: eyewatch	of 707

Bob part of news release, we are now in the aerospace industry. Pursuant to the terms and conditions of the Convertible Debenture, Mill City's obligation is to initially provide $2 million Cdn. within the next approximate 60 days and the further $3 million Cdn. 60 days thereafter. Upon funding the $5 million Cdn., Mill City is entitled to convert its loan into shares representing a majority of the issued and outstanding Alberta Aerospace Shares. Additional funding over and above Mill City's commitment will be secured directly by Alberta Aerospace. E-mail from Mill. John

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