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

To: Michael Bidder who wrote (26589)	1/8/2004 8:40:09 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 39344

Michael, <Now what of Claudes claim for AQI? I think he is playing the legal angle and not the weak geology of Calcatreau, if the geology of IMA is so risky then what of the geology of AQI? > You may need to do a little work on your own and check the drill results of Aquiline and their resource estmtaes before the current drilling. You know what 1M ounces of oxidized ore, open pit and high grade means? That is not weak geology. Then check the best drill results of Alamo Dorado silver property discovered by Corner Bay and now owned by Pan American Silver. Holes were much better than IMR. Then compared the current drill results of IMR and considered that the ore is a sulfide: galena. It is a problem that may be overcome, but still a problem. As for financing and legal stuff. Will see what comes out in the months ahead.

To: Michael Bidder who wrote (26589)	1/9/2004 10:11:41 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 39344

Geee, Mike think I have some bad news for you.....better to leave the newletter writing to CC.... ------------------------------------ Aquiline arranges $6-million best-efforts financing 2004-01-09 08:14 ET - News Release Mr. Marc Henderson reports AQUILINE TO RAISE $6 MILLION IN BROKERED PRIVATE PLACEMENT Aquiline Resources has engaged Pacific International Securities and Dundee Securities as co-lead in a syndicate, that includes Toll Cross Securities (the agents), in connection with a proposed private placement, on a best-efforts basis, of up to five million units of Aquiline at a price of $1.20 per unit, for gross proceeds of up to $6-million. Each unit shall comprise one common share of Aquiline and one-half of one non-transferable common share purchase warrant. Each warrant is exercisable into one additional common share of Aquiline for a period of 18 months from the closing date of the private placement at an exercise price of $1.65. The agents have the option exercisable at any time prior to the closing of this offering to increase the number of units offered by 15 per cent. The proceeds from the offering will be used to finance further exploration of the Calcatreu project and for general working capital. The private placement is subject to receipt by Aquiline of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. new.stockwatch.com