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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM -- Ignore unavailable to you. Want to Upgrade?


To: Robert J Mullenbach who wrote (161)10/10/2000 9:05:30 AM
From: Robert J Mullenbach  Read Replies (1) | Respond to of 811
 
Golden Phoenix Minerals Completes $1.26 Million
Equity Financing Agreement

RENO, Nev., Oct. 10 /PRNewswire/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - news) announced
today that it has entered into a $1.26 million equity financing arrangement with Newmex Minerals, Inc. (CDNX: NMM - news),
a wholly owned subsidiary of Proprietary Industries, Inc. (Toronto: PPI - news). The agreement includes stock and warrants
that can be exchanged for cash over two years.

``This financing comes at an opportune time as the company has been attempting to acquire an operating gold mine in Nevada
and advance both of its key properties,'' said Michael Fitzsimonds, President of Golden Phoenix.

biz.yahoo.com

Still a great Speculation, IMO.

results may vary.