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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (25950)	6/20/2000 8:27:00 PM
From: kidl	Read Replies (2) \| Respond to of 26850

Winspear files preliminary prospectus for unit issue Winspear Resources Ltd WSP Shares issued 51,634,088 Jun 20 close $2.40 Tue 20 Jun 2000 News Release Mr. Randy Turner reports Winspear has filed a preliminary short-form prospectus relating to a new issue of units for a total of approximately $20-million. Each unit will consist of one common share and one-half common share purchase warrant. The net proceeds of the offering will be used toward development of the Snap Lake diamond project, including bulk sampling and a feasibility study, and for working capital purposes. BMO Nesbitt Burns Inc. and Canaccord Capital Corp. will be underwriting the issue. Winspear released in Stockwatch on April 26, 2000, the results of its prefeasibility study, confirming the very robust economic potential of the Snap Lake diamond project. This financing allows Winspear to progress toward production, expected in late 2002. ¸ Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com