Mandorin Goldfields MGD.V Message Board

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Gold/Mining/Energy : Mandorin Goldfields MGD.V

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To: tudor who wrote (332)	1/19/1999 3:39:00 PM
From: rdww	Read Replies (1) of 633

talk about a dead thread - seems like someone has confidence in MGD - willing to do a PP at .15 - a big premium to the market to get funds in to do some work. Mandorin proposes two million unit financing Mandorin Goldfields Inc MGD Shares issued 15,741,120 Jan 18 close $0.05 Tue 19 Jan 99 News Release Mr. Malcolm Stevens reports Mandorin Goldfields has proposed a non-brokered private placement of up to 2,000,000 units at 15 cents per unit. Each unit consists of one share and one warrant. Each warrant will entitle the holder to purchase one share for two years at 20 cents per share. Proceeds will be used for general working capital and to provide funds for exploration on the South Voisey Bay joint venture with Donner Minerals and further exploration on the company's Zimbabwe assets. Mandorin has begun discussions with major mining companies having existing African and Zimbabwe production and exploration interests. Should these discussions reach a satisfactory conclusion, it is expected that Mandorin will joint venture its Zimbabwe highly prospective Tafuna Hills property. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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