SRU-ASE : STARFIELD RESOURCES Message Board

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Gold/Mining/Energy : SRU-ASE : STARFIELD RESOURCES

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To: Jim Bishop who wrote (53)	3/30/1999 4:44:00 PM
From: CIMA	Read Replies (3) of 1239

COMPANY UPDATE: Spoke with a company official today who said that 2/3'rds of the money was in and the paperwork completed. The rest of the money has been spoken for but the paperwork isn't completed yet. The PP is oversubscribed if all those who say they want part of the PP follow through. In addition there is a strong rumor that INCO has approached the company requesting right of first refusal on any concentrates from the property and a small NSR in exchange for complete historical drilling info they have. SRU management is said to be mulling it over but leaning toward the negative because of the right of first refusal. They don't want to turn off other interested majors like Falconbridge.

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