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Gold/Mining/Energy : PUG-TSE Anyone know whats happening with this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Donald McRobb who wrote (66)	11/6/1997 2:01:00 PM
From: violetta martinez	Read Replies (1) \| Respond to of 71

Thursday November 6 9:20 AM EST Company Press Release Pure Gold Completes $1.5 Million Amalgamation Special Warrant Financing With Canaccord Capital and Yorkton Securities VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 6, 1997--Don Sheldon, President of Pure Gold Resources Inc. (TSE:PUG), is pleased to announce that the Company's Special Warrant Financing, announced Sept. 12 and 18, 1997, has been closed, fully subscribed, for gross proceeds to the Company of $1,530,000. Three million Flow-Through Special Warrants were issued at $0.31 each, exchangeable for an aggregate three million Units consisting of one Flow-Through Common Share of the Company, and one-half of one share purchase warrant exerciseable at $0.38 per common share for a period of one year. Two million Non-Flow-Through Special Warrants were issued at $0.30 each, exchangeable for an aggregate two million Units consisting of one Non-Flow-Through Common Share of the Company, and one-half of one share purchase warrant exerciseable at $0.38 per common share for a period of one year. The Company paid Canaccord and Yorkton a 7.5 percent cash commission and issued, in the aggregate, agent's warrants to purchase 450,000 common shares of the Company exerciseable at $0.38 per common share for one year. Pure Gold Resources Inc. holds interests ranging from 15 percent to 100 percent in approximately 50 million acres of diamond exploration property in Alberta and southern Saskatchewan, including a 15 percent interest in the Buffalo Hills property (JV with Ashton Mining (TSE:ACA) and Alberta Energy), site of the discovery of 17 kimberlites, many of which have been found to be diamondiferous; a 49 percent interest in the surrounding Caribou Hills properties, covering the Peace River Arch underlain by the Buffalo Head Craton; and a 75 percent interest in the Lethbridge Property, covering the Sweetgrass Arch underlain by the Hearne Province Craton, site of the discovery of the Black Butte pipe, and subject to a 25 percent earn-in option in favour of CaribGold Resources Inc. (TSE:CG). Note to Editors: The Toronto Stock Exchange has neither approved nor disapproved the contents of this News Release. Contact: Pure Gold Resources Inc. Donald R. Sheldon, 604/682-1240 or 800/667-1660 My first cut and paste from Yahoo Bussiness! Lucky PUG threaders! Cheers, Violetta