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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (385)	10/24/2003 3:20:18 PM
From: Andrew	Read Replies (2) \| Respond to of 29622

Now here's realtime I posted before getting filled. I cant move the market on these. Message 19428151 Message 19428389 But I wouldn't post my microcap trades either.

To: Eva who wrote (385)	10/27/2003 9:36:11 AM
From: bigbuk	Read Replies (1) \| Respond to of 29622

MSA pp :) Message 19359582 Coronation Minerals Inc (C-MSA) - News Release Coronation Minerals closes $2-million placement Coronation Minerals Inc MSA Shares issued 21,351,945 Oct 23 2003 close $ 0.37 Friday October 24 2003 News Release Mr. Peter Holmes reports CORONATION MINERALS INC. ANNOUNCES CLOSING OF $2.0 MILLION BROKERED PRIVATE PLACEMENT Coronation Minerals has closed the private placement as described in Stockwatch Oct. 8, 2003. Canaccord Capital Corporation acted as the corporation's agent, on a best-efforts agency basis, in connection with the $2.0-million private placement consisting of units in the capital of the corporation for $1.0-million at a price of 25 cents per unit and common shares to be issued as flow-through shares under the Income Tax Act (Canada) for $1.0-million at a price of 25 cents per flow-through share. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at an exercise price of 45 cents for a period of 18 months from the closing date of the offering. The corporation has agreed to: (i) pay the agent a commission equal to 7.0 per cent of the gross proceeds realized from shares sold by such agent; and (ii) grant a compensation option to the agent enabling the purchase of 800,000 compensation units of the corporation, amounting to 10 per cent of the total number of units and flow-through shares issued by the corporation pursuant to the offering, exercisable at 25 cents per compensation unit for a period of 12 months following the closing of the offering. Each compensation unit consists of one common share and one-half of one broker's warrant, with each whole broker's warrant entitling the holder thereof to purchase one additional common share at 45 cents for a period of 12 months from the closing date of the offering. The corporation intends to use the proceeds to develop its Coronation Gulf region mining property in Nunavut, Canada, and for general working capital purposes. The corporation is presently carrying out a 4,000-metre drilling program on its 112,500-acre Nunavut property. The current program is designed to discover and delineate two principal geological targets: (i) nickel-copper-platinum group metal orebodies hosted by a major mafic intrusion (Norilsk-type targets); and (ii) high-grade, structurally controlled, copper sulphide targets Ni-Cu-PGM (platinum group metal) target area. This area is characterized by a large (two kilometres by 10 kilometres) gravity anomaly which is coincidental with an airborne magnetic anomaly. The area is bound by two major fault structures in which geochemical surveys have outlined highly anomalous values of nickel, copper, cobalt, and, in some cases, chromium and magnesium oxide. It is hypothesized that these anomalous values in the bounding fault structures represent "leakage" from a large buried mafic intrusion which may host economic concentrations of Ni-Cu-PGM. Copper-sulphide target areas Historical exploration programs have demonstrated and partially delineated at least 13 copper sulphide occurrences on the property. Foremost of these deposits discovered to date is known as the Dot-47. Relatively shallow drilling conducted in the late 1960s returned the following intersections: Hole No. Grade Length S-57 4.90% Cu 129.3 feet S-58 3.92% Cu 260.2 feet S-68 3.00% Cu 220.5 feet S-54 5.17% Cu 122.0 feet The corporation believes that additional resources may be present along strike of the Dot-47 zone and that the Dot-47 zone itself has not been adequately tested to depth. It is postulated that the Dot-47 style of stockwork mineralization may be related to a major intrusive event at depth. The corporation is earning a 50-per-cent interest in the property by issuing a total of six million common shares and paying $300,000 to Guyana Goldfields Inc. over a two-year period. Coronation must also spend $1.5-million in exploration expenditures on the property over a three-year period. With the completion of the current financing, management is confident it will have the financial resources to meet its 2003 objectives. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com