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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (1088)	1/8/2002 12:47:08 AM
From: Nikole Wollerstein	Read Replies (1) \| Respond to of 39344

This financing is done above the market price( I never seen this before) and it is non-brokerage - means all proceeds goes to the company. SUR AMERICAN GOLD CORPORATION ("SUR-V") - New Financing Arranged, 2002 Exploration Programs Started Mr Rennie Blair, President is pleased to advise that the Company has arranged a non brokered private placement of $100,000 consisting of 1,000,000 units of $0.10 per unit. Each unit consists of one common shares and a share purchase warrant. Each warrant can be exercisable into one common share for $0.10 for a period of 2 years. All funds have been received by the Company. The financing is subject to regulatory approval. This replaces a financing announced in a news release in December 2001. The funds will be used to undertake exploration on the Company's high technology metals projects in the USA and for general working capital. Exploration in the form of detailed line chip sampling has already been undertaken on all of its projects and assay results are pending. The results of this work will enable the Company to prioritize which projects should be fast tracked. It is expected that 2002 will be an exceptionally active and strong year for the Company as work progresses from preliminary to detailed sampling, metallurgical testing, and prefeasibility studies on one or more of its tantalum, beryllium, lithium, bismuth and rare earth metals projects. Assay results and progress of exploration programs will be announced on a regular basis. TEL: (604) 904-8956 J.Rennie Blair, President FAX: (604) 904-8957 Email: suramerican@telus.net