Nuinsco Resources (NWI) Message Board

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Gold/Mining/Energy : Nuinsco Resources (NWI)

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To: Bron-y-aur who wrote (53)	7/20/1998 10:42:00 PM
From: Private-Eye	Read Replies (1) of 5821

From what I understand, drilling was to commence at RR this year. It clearly shows the most promise but at what cost. Doug Hume indicated that they need more money to drill the RR property. In order to raise it the majority shareholders did not want to give up any more control by going with a flow-through share offering. Instead, I believe, they are attempting a rights offering to existing shareholders. I think the RR is a longer term exploration project ($'s to develop) while the Lac Rocher property can give them an immediate boost to shareholders to raise more capital for RR. Regards

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