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Gold/Mining/Energy : amcan minerals -- Ignore unavailable to you. Want to Upgrade?

To: paulo who wrote (16)	11/3/1997 8:22:00 PM
From: Wats	Respond to of 71

African diamond negotiationsÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AmCan Minerals Ltdÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AMF Shares issued 27,092,269ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Oct 31 close $0.22 Mon 3 Nov 97ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr E. Annal McCaffrey reports AmCan Minerals has been operating exclusively in Sierra Leone Westÿ Africa, forÿ theÿ pastÿ fiveÿ years.ÿ Unfortunatelyÿ the country's young democratic governmentÿ wasÿ overthrownÿ onÿ Mayÿ 25ÿ 1997ÿ byÿ aÿ militaryÿ coupÿÿ and consequentlyÿ operationsÿ in the country were brought to a halt. On October 23 1997 a peace accord was signed between the deposedÿ governmentÿ andÿ the rulingÿ military Junta, to reinstate the former Kabbah government effective April 27 1998. AmCan is preparedÿ toÿ resumeÿ operationsÿ inÿ Sierraÿ Leone immediately,ÿ howeverÿ itÿ couldÿ still take some time before the political climate will allow that to be possible. During this period of unrest, and because ofÿ AmCan'sÿ Africanÿ experience, the company has been approached by several large diamond concession holders in other parts of Africa. The company has enteredÿ intoÿ negotiationsÿ with theÿ principalsÿ ofÿ atÿ leastÿ one of these properties, that the directors believe, in addition to Sierra Leone, will enable the company to move inÿ a new course of direction, and significantly expand operations. (c) Copyright 1997 Canjex Publishing Ltd. I completely agree with you - AMF MUST diversify. Too many eggs (all) in one basket. The paper received via their last three news releases before the one above must mean they are trying to make a few deals. Hopefully this news release will start a new and promising next 6 months. Like you said, patience.... Regards, Wats

To: paulo who wrote (16)	11/6/1997 8:01:00 PM
From: Wats	Read Replies (1) \| Respond to of 71

Geologist appointedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AmCan Minerals Ltdÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AMF Shares issued 27,092,269ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Nov 5 close $0.20 Thu 6 Nov 97ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr E. Allan McCaffrey reports The company has appointed Dr Michael Smith, as consulting geologist and has retainedÿ theÿ servicesÿ ofÿ Lionÿ Miningÿ Financeÿ ofÿ London, England, as technical manager of its mineral properties.ÿ AmCanÿ hasÿ beenÿ exclusively involvedÿ inÿ diamondÿ explorationÿ andÿ developmentÿ in Sierra Leone, West Africa and because of its experience has now been approached by a number of majorÿ diamondÿ concessionÿ holders,ÿ inÿ other parts of Africa and will be using the new technical team to analyze and grade these potential projects. Dr Smith has an extensive background in natural resourceÿ development,ÿ and economicÿ geologyÿ consultancyÿ withÿ emphasis on corporate work, including listings, mergers and acquisitions. For over 20 years heÿ hasÿ beenÿ active principallyÿ inÿ gold,ÿ gemÿ stones,ÿ oilÿ andÿ gas, and coal operations in Zimbabwe, Ghana, Guinea, Mali, Finland, Kazakastan,ÿ USA,ÿ Bolivia,ÿ Brazil and the UK. Lionÿ Miningÿ Financeÿ isÿ theÿ corporateÿ financeÿ armÿ ofÿÿ Lionÿÿ Mining Corporation,ÿ aÿ Bermuda based investment holding company and parent of the group. LMF specializes in the arrangement of mining development capital and inÿ theÿ provisionÿ ofÿ aÿ totalÿ technicalÿ capabilityÿ for the junior and intermediate explorer. Colin Bird, a chartered engineer, is the managing director of LMF. He isÿ a fellowÿ of the Institute of Mining Engineers, and holder of the British and South African Mine Managers Certificate. He has spentÿ 14ÿ yearsÿ inÿ South Africaÿ inÿ mineÿ managementÿ and will head a multi disciplined team, which will he provided to AmCan Minerals, in order to realize maximum shareholder value from the held assets and those under review. Lion Resource Management, anotherÿ ofÿ theÿ Lionÿ groupÿ ofÿ companies,ÿ is investmentÿÿ advisorÿ toÿ severalÿ majorÿ miningÿ fundsÿ andÿ hasÿ achieved widespread acknowledgment of its trackÿ recordÿ inÿ achievingÿ veryÿ strong performance against a background of neutral precious metal prices. (c) Copyright 1997 Canjex Publishing Ltd. I like the amount of news releases recently....sounds like they're getting things rolling. Looking forward to seeing some "concrete" news in the next while.... Wats