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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Gabe Heti who wrote (4096)8/7/1998 3:30:00 PM
From: Gabe Heti  Read Replies (3) of 4718
 
WHERE DID THE MONEY GO?

A number of people have asked where the money raised by Antares in the last year went.

The following comes from page 6. of the recently issued Annual Report.

Opening Cash $ 0.4
Funds Rasied 21.7
- To obtain a 76.5% interest in the Ojolali Prop. (4.9)
- For drilling and exploration on the Ojolali Prop. (4.0)
- For treasury shares and warrants of Coleville (0.5)
- For drilling and exploration on the Toodoggone (3.4)
- For treasury shares of AGC Americas Gold (0.5)
- Underwriting fees and costs of share issue (1.7)
- Net corporate expenses (0.9)

Closing cash and bankers' acceptance $ 6.2

Gabe
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