AURADO EXPLORATION(AEO) Message Board

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Gold/Mining/Energy : AURADO EXPLORATION(AEO)

AEO 16.02

-3.0%

1:55 PM EST

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To: Frank Moss who wrote ()	10/20/1998 1:54:00 PM
From: Jim Craig	Read Replies (1) of 222

Looks like the anticipation of a news release was the cause of the price increase. Here's the NR 3.75m unit financing complete Aurado Exploration Ltd AEO Shares issued 38,293,610 Oct 19 close $0.15 Tue 20 Oct 98 News Release Mr. John Pollock reports On Oct. 20, 1998 the company completed a private placement of 3,750,000 units at eight cents to net Aurado $300,000. Each unit consists of one share of Aurado and one-half warrant. One whole warrant will entitle the holder to purchase one additional share of Aurado at 20 cents per share up to and including April 20, 2000. The proceeds of the private placement will be used to help finance exploration work on Aurado's optioned property in Zacatecas State, Mexico and for general working capital. Diamond drilling to test five conductors will begin the third week of November. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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