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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (2610)	5/18/2001 5:36:56 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Red, interesting take on Gold shorts: To:John Pitera who wrote (103311) From: John Madarasz Friday, May 18, 2001 4:23 PM View Replies (2) \| Respond to of 103343 John, as per George Slezaks site the commercial COT's are net short -13915 gold contracts as of 5/15/01, vs last weeks position of 17247 net long. Small speculators are now at a 1 year record net long position of 12384 contracts commercials commitmentsoftraders.com small specs commitmentsoftraders.com sp500 net short commercial position increased 22,345 contracts to - 72,034

To: Rocket Red who wrote (2610)	5/18/2001 5:40:54 PM
From: Al Collard	Respond to of 11802

Pure Gold arranges $525,000 financing Pure Gold Minerals Inc Fri 18 May 2001 News Release Mr. Donald Sheldon reports Pure Gold has reached an agreement with Canaccord Capital Corporation for a special warrant private placement to raise $525,000. Canaccord will use its commercially reasonable efforts to place 3.5 million special warrants at a price of 15 cents per special warrant. Each special warrant will consist of one share and half of one warrant to purchase one additional common share. Each full warrant will entitle the holder to purchase one additional common share at a price of 17.5 cents per share within one year from the closing date. Canaccord will be entitled to a commission of 7.5 per cent of the gross proceeds payable in cash and agent's warrants equal to 10 per cent of the number of special warrants sold on closing on the same terms as the client's warrants. An administration fee of $5,000 plus GST will be paid to Canaccord. Directors and insiders have agreed to purchase up to one half of this offering. The company will use the proceeds of this financing to finance exploration on the Buffalo Hills project in Northern Alberta, as well as its exploration on the Northwest Territories and Nunavut properties. The foregoing private placement is subject to regulatory approval. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com