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

To: Carter B who wrote (7459)	4/3/2002 4:46:18 AM
From: Al Collard	Read Replies (1) \| Respond to of 11802

MOA-v...in the news: Mountain Lake arranges $160,000 financing Tue 2 Apr 2002 News Release Mr. Allen Sheito reports Mountain Lake Resources has arranged a private placement of 500,000 units at a price of 32 cents per unit, to raise gross proceeds of $160,000. Each unit will consist of one common share and one non-transferable share purchase warrants. Two warrants plus 50 cents are required to purchase one additional common share for a period of one year from the closing date of the offering. The net proceeds from the offering will be used for the general working capital requirements of the company. The private placement is subject to the acceptance of the Canadian Venture Exchange. The company has also granted incentive stock options to purchase up to 330,000 shares at an exercise price of 32 cents per share, if exercised within the next five years.