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Gold/Mining/Energy : AURADO EXPLORATION(AEO)

AEO 16.20

-1.9%

Nov 4 3:59 PM EST

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To: R L who wrote (107)	5/23/1998 10:27:00 PM
From: William Whitehead Jr.	of 222

NEWS FROM WTC This release just came out ... VANCOUVER, May 22 /CNW/ - Western Copper Holdings Limited TSE:WTC The Company announces that it has agreed, subject to regulatory approval,to carry out a 200,000 unit private placement at a price of $7.20 per unit. Each unit will consist of one share of the Company and one-half of a share purchase warrant, one whole share purchase warrant entitling the purchase of one additional share of the Company at $9.20 per share for two years. Anyone want to guess why they need an extra $1.4 million ?

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