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Gold/Mining/Energy : Princeton Mining Corporation
PMC 29.250.0%Dec 8 3:00 PM EDT

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To: Lee Matheson who wrote ()2/11/1997 3:56:00 PM
From: Phil Varichon   of 73
 
More news today:

Princeton Mining Corporation - News Release

Board and management appointments; $5.4m special
warrant financing

Princeton Mining Corporation
PMC
Shares issued 87208767
1997-02-10 close $0.44
Tuesday Feb 11 1997
News Release
Ms Susanne Gallant reports
Mr William H. Myckatyn has been appointed director, president and CEO. Mr
Paul Sweeney has been appointed director, senior vice-president and chief
financial officer.
The company has entered into an agreement with Goepel Shields for a private
placement of special warrants at $0.35 to raise $5.4 million. Each special warrant
is convertible into one share. The private placement is scheduled to close on
February 25 1997. The proceeds will be used for general corporate purposes
with an emphasis on evaluating new opportunities for the company.
Plans for the company's Chilean assets, reported in Stockwatch January 30 1997,
are proceeding. Princeton is moving aggressively to have Aquest Minerals Corp
become a publicly traded company in the first half of 1997. Dr Tom Vehrs has
been appointed president and COO of Aquest effective January 1 1997.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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