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Gold/Mining/Energy : AMT International Mining Corporation

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To: crgreen who wrote (25)2/23/1997 7:45:00 AM
From: Gerry   of 29
 
Cgreen,
good question. There was just recently a placement at $1.25/share. As time for the warrants runs out (March 18 - I believe) it will be much harder to push the share price above the exercise price of 1.25 simply because of the dilution effect. 1 million extra shares to share the resource. We need a big announcement for anybody to be willing to fork over more then 1.25/share when they can just pay a 5.5 cents premium to be guaranteed the $1.25/share for the next month. It will be interesting to see the head office moves over the next month. They surely don't want to loose out on the 12.5 million they desperately need.

Regards
Gerry
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