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Gold/Mining/Energy : AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange

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To: Andrew G. who wrote (66)2/28/1997 9:21:00 PM
From: John Leather   of 329
 
Interesting Press Release - Amazing how quickly Auriginor was able to obtain $$$$$

I believe this is the second time in weeks that private placement funding has happened.

Interesting Items:

1. Who are the Institutional Investors? Surely, They must have been
shown some pretty good potential that they like in order to put up
$5,265,000. The previous funds raised several weeks ago were for
$2,240,000.

That would make the total dollars raised at $7,505,000. I believe the earlier press release indicated the cost of the Central American transaction was approximately $5,000,000.

2. They have agreed to pay $1,17 per share
3. The warrants are at $1.50 per share for 12 months
4. Just where in Central America is this property? What country?
5. How much gold is there?
6. Who had the property previous to this agreement?
7. What other projects is Auriginor working on? Any in the U.S. or the Solomons?

It sure would be nice to see a WEB SITE & EMAIL address for Auriginor.

John Leather
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