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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (2401)	12/15/1997 3:43:00 PM
From: Flea	Respond to of 11676

Donner Minerals Ltd - $250,000 private placement Donner Minerals Ltd DML Shares issued 24279502 1997-12-12 close $0.98 Monday Dec 15 1997 Mr David Patterson reports Donner has entered into an agreement with the Caratax Limited Partnership whereby Caratax has agreed to acquire 250,000 flow through shares of Donner at $1.00 for $250,000. The funds are to be held in escrow by Montreal Trust and released as the company incurs resource expenditures on its Labrador properties. Upon receipt from the company, from time to time, of certificates setting out actual resource expenditures incurred by the company on or before May 31 1998, which date may be extended by the parties, Caratax will cause Montreal Trust to pay the company the amount specified in each certificate. The company will in turn issue to Caratax that number of flow through shares equal to the amount paid divided by $1.00. In the event the company is unable to incur $250,000 in resource expenditures on the property before May 31 1998, Caratax shall have the option, up to and including December 31 1998, to subscribe for such number of shares of Donner at $1.00 equal to that amount being the difference between $250,000 and the total amount of resource expenditures incurred by the company. In addition, upon closing of the private placement, the company will issue to Caratax, 250,000 share purchase warrants, each warrant entitling the holder thereof to purchase one additional share at $1.25 to February 28 2000.