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Gold/Mining/Energy : Paramount Ventures & Finance -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus Long who wrote (3055)	8/21/1999 4:25:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4884

Aber's news release: aber.ca

To: Lazarus Long who wrote (3055)	8/22/1999 2:15:00 PM
From: Flea	Read Replies (1) \| Respond to of 4884

Hi Laz, Yes, I saw that too. That's a lot of "next weeks". Regards, Flea

To: Lazarus Long who wrote (3055)	8/23/1999 7:17:00 AM
From: 1st.mate	Read Replies (1) \| Respond to of 4884

Paramount Ventures fifth most active conference Paramount Ventures & Finance Inc PVF Shares issued 27,591,374 Aug 20 close $0.42 Mon 23 Aug 99 Week ended Aug. 20th by Stockwatch business reporter This is the first review of Paramount Ventures in Forum Watch, claiming fifth position among Canada Stockwatch's most active conferences. Paramount is a junior resource company with a focus on diamond exploration and development. Along with Canabrava, its joint venture partner, Paramount has acquired more than 120,000 hectares of land near Wawa, Ont. In March, the partners signed a joint venture/option agreement with Kennecott Canada Exploration to explore and develop this property. Under the terms of the agreement, Kennecott must spend $25-million over the next seven or advance any one of the projects to a decision to begin development and construction of a mine, whichever occurs first, to earn a 60-per-cent interest in the properties. In Brazil, Paramount and Canabrava are developing the Rio do Sono alluvial diamond resources. According to the company literature, early cash flow is expected from this project. In addition to its diamond interest, Paramount has a 100-per-cent interest in the Juramento copper and silver property in Argentina. Paramount reports that drill-indicated grades and tonnage are estimated at 11.5 million tons of 0.8 per cent copper and 21.8 grams per tonne of silver. A geologically inferred additional resource of 37 million tons of similar grade is also claimed. Paramount also owns a 55-per-cent interest in Paramax Resources, a company involved in oil and gas exploration and development in Texas and Louisiana. As of May 11, 1999, Paramount had working capital of $6-million and no outstanding debt. In the conference discussion, there has been little offered in the way of specific information regarding the company. Gregor Samsa, a newcomer to the conference, wrote: "I hear that there will be some exciting news out on this stock next week!...Sounds like a great chance to make some quick cash." That drew a response from Flea: "I don't mean to burst your bubble but we've been hearing 'news next week' for about three months now." Similar scepticism was evident in a post from One eye: "...if it's quick cash try the cash machine down at the local bank. If you're looking for news soon -- forget it." Gregor Samsa suggested that Flea and One eye simply had bad attitudes. Perhaps as an example of a more suitable attitude, he passed along his rendition of 'I heard it from a friend of mine who heard it from a friend': " I've got very good information from someone who is quite close to a lot of people who have access to some very influential fellows who know the score, and I can tell you this stock is ready to go." Urging other participants to promulgate proactive investment attitudes, he remarked, "Quality investment takes a very good attitude!" He went on: "I awoke just a few days ago and knew that PVF was in my future. I'm ready to molt the old investment fears I had with borderline e-commerce offerings and go with a real winner. Paramount is the future. I can sense it." One eye and Flea seemed more concerned with realities than with visions or developing the right investment attitude. One eye told Gregor Samsa not to expect "two bit promotion" from him. He added: "I expect nothing of significance until September and it could be later if issues are not settled at home and in Brazil." Investment attitudes aside, Paramount Ventures finished the week at 42 cents on light trading. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com