AURADO EXPLORATION(AEO) Message Board

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Gold/Mining/Energy : AURADO EXPLORATION(AEO)

AEO 16.52

-1.1%

Nov 3 3:59 PM EST

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To: Frank Moss who wrote (126)	10/7/1998 8:31:00 PM
From: Wizzer	of 222

Aurado announcement/private placement (Full text of press release from Canada NewsWire) Aurado Exploration Ltd. The Toronto Stock Exchange Trading Symbol: AEO Shares Outstanding: 38,293,610 TORONTO, Oct. 6 /CNW/ - AURADO EXPLORATION LTD. (Aurado'') announces that it proposes to issue, by way of private placement 3,750,000 units of Aurado at $0.08 per unit, each unit consisting of one common share of Aurado and one-half warrant. One whole warrant will entitle the holder to purchase one additional common share of Aurado at $0.20 per share, within 18 months from completion of the private placement. The proceeds of the private placement will be used to fund exploration work on Aurado's optioned property in Zacatecas State, Mexico and for general working capital. The proposed transaction is subject to regulatory approval. DATED at Toronto, this 6th day of October, 1998 John A. Pollock'' ------------------------------------- John A. Pollock - President

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