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


To: paulo who wrote (26)12/24/1997 12:10:00 PM
From: paulo  Read Replies (1) | Respond to of 71
 
AMCAN MINERALS LTD ("AMF-V;AMFLF-L")

- Negotiations Completed and Agreement Reached

Bronson. B. Conrad, Chairman of AmCan Minerals Limited, is pleased to announce that the Company has now completed
negotiations and reached an agreement for the purchase of 100% of the outstanding shares of Oriole Mining Limited. This
acquisition includes five major diamond bearing properties in Angola, covering a total land area 26,000 sq. kms, three of
which are within the Lunda Norte Province.

TEL: (800) 893-1188 E. Allan McCaffrey, VP Public Relations TEL: (416) 214-6296 FAX: (416) 214-6299

______________________________________



To: paulo who wrote (26)1/25/1998 8:29:00 PM
From: Wats  Read Replies (2) | Respond to of 71
 
Hi Paulo:

I attended the Vancouver Resource and Energy Investment Conference today. A very good conference with about 10 top newsletter writers (Kaiser, Dines, Hard Rock Analyst) and about 50 resource companies - and AMF was one of them! I was so surprised to see them that I didn't ask too amny questions. I spoke with Allan MaCaffrey and he said they could be in production on one of their properties in about a month or so (producing up to US1 million per year on that properrty alone). They seem very upbeat and have a lot of cash on hand. The political situation seems to be getting much better as well.

I think it's great they were at the conference...hopefully things will move soon.

Regards,
Wats