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Gold/Mining/Energy : Donner Minerals (DML.V)
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To: Ed Pakstas who wrote (4053)4/16/1998 5:26:00 PM
From: Famularo  Read Replies (1) of 11676
 
Donner Minerals Ltd DML
Shares issued 26,161,058 Apr 15 close $2.60
Thu 16 Apr 98 Acquisition
The VSE has accepted for filing documentation pertaining to a letter
agreement dated February 27 1998, whereby the company has the option to
acquire from Thistle Creek Resources Inc, the remaining 50% interest in 317
mineral claims known as the Thistle II claims, in the Pants Lake area,
Labrador, Newfoundland. Consideration is 500,000 shares of the company in
two equal tranches. The first tranche of 250,000 shares is to be issued
upon exchange acceptance and the second tranche upon completion of a
substantial exploration program with expenditures of $1,000,000 on the
property and filing an acceptable technical report with the exchange
recommending further work on the property. This purchase will give the
company a 100% interest in the property subject to a 1% nsr royalty
retained by Thistle Creek Resources Inc.
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