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Gold/Mining/Energy : Blackstone Resources BLV-CDNX

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To: Buckey who wrote (324)	12/1/1998 10:54:00 AM
From: R.A.K.	Read Replies (1) of 373

Hey John, Did you happen to see this release from ISX...looks like they have the money to start a drill program on the "El Diamante" in the new year. 11/25/98 Private Placement Of $600,000 INSULAR EXPLORATIONS LTD ("ISX-V") - Private Placement Of $600,000 Jamie Macintosh, President of INSULAR EXPLORATIONS LTD announces that the Company has arranged a private placement for $600,000 involving the issuance of four million units at a price of $0.15 per share, with warrants attached to purchase additional shares at a price of $0.15 per share if exercised in the first year, and $0.18 if exercised in the second year. The proceeds of this private placement will be used for the Company's working capital requirements and for its ongoing exploration activities. The private placement is subject to a finder's fee in accordance with the policies of the Vancouver Stock Exchange, and Vancouver Stock Exchange acceptance. TEL: (416) 862-7444 Jamie Macintosh, President FAX: (604) 862-7007 TEL: (604) 685-8592 Bill Daly, Director FAX: (604) 688-9511

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