Chesbar Resources- CBI Montreal Message Board

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Gold/Mining/Energy : Chesbar Resources- CBI Montreal

CBI 16.39

0.0%

May 11 5:00 PM EST

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To: Mephistopheles who wrote (889)	1/18/1999 2:01:00 PM
From: Enigma	Read Replies (1) of 980

M <0.40 for 2 shares!> No, 40 cents for one share and 55 cents for another share when warrants are exercised.. Guess market is a little disappointed that drilling results for 4 holes North of 2050 were not included in press release - Stubbs had previously mentioned that these results would be dealt with seperately and later - presumably as the first four holes of the ongoing drilling programme. BTY if shares at 40cents raised $950,000, then warrants at 55cents will raise $1.3 million when exercised. Latest I saw was that there was approx $1.2 million in treasury before financing. therefore we have $2 million + now. dd

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