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Gold/Mining/Energy : primero resources v.pmi

PMI 1.663

-1.0%

Jan 12 3:59 PM EST

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To: jerry janko who wrote ()	5/29/1998 5:41:00 PM
From: jerry janko	of 71

From: newsout@canada-stockwatch.com Date: Fri, 29 May 1998 10:17:24 -0700 Subject: Stockwatch: Primero Industries Ltd - News Release To: ajanko@erinet.com 800,000 special warrant financing Primero Industries Ltd PMI Shares issued 9,286,448 May 28 close $0.15 Fri 29 May 98 News Release Mr. Jonathan George reports The company has entered into a brokered private placement consisting of up to 800,000 special warrants at 15 cents, exchangeable into a unit consisting of one flow-through common share and one warrant entitling the holder to purchase an additional share at 15 cents if exercised within the first year and at 18 cents during the second year. The company has entered into an additional brokered private placement on the same terms and for the same amount as above on a non-flow-through basis. C.M. Oliver will receive a commission of 10 per cent of the proceeds of the sale of special warrants. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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