Samex Mining | OTC:BB - SMXMF | Canada - V.SXG Message Board

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Gold/Mining/Energy : Samex Mining | OTC:BB - SMXMF | Canada - V.SXG

SMXMF 0.0001000

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Sep 10 5:00 PM EST

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To: Dan P who wrote (28)	11/14/1996 6:56:00 PM
From: Jamie Punt	of 539

I am the Investor Relations for SAMEX. I thought you would be interested in knowing an overhang existed on Samex's market. On November 10 a warrant expired. 1,500,000 million potential shares were available at $2.00 in the first year (second year $4.00). Also possibly why the market did not respond to News on Walter is that it is expecting news on Santa Isabel. The Walter press release is notifing the market that drilling will commence. Results of the Walter drill program will be more anticipated than the announcement of the drilling. Walter currently has in excess of 1.8 million tons in a geological permissable reserve. Successful drilling will increase that reserve to a drill indicated reserve of 6 million tons grading .36 Au equivalant.

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