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Gold/Mining/Energy : Etruscan Enterprises Ltd -- Ignore unavailable to you. Want to Upgrade?

To: Robert Bachynski who wrote (173)	1/17/1998 11:51:00 AM
From: Mark Bartlett	Respond to of 235

Bob, << This rise in Gold price should spark some overdue news on the company.>> That would be nice !!! MB

To: Robert Bachynski who wrote (173)	1/27/1998 11:25:00 PM
From: Buckey	Respond to of 235

News Release: Share buy back Etruscan Enterprises Ltd. - News Release - January 27, 1998 TSE, VSE Symbol: EET Notices Filed Regarding Normal Course Issuer Bid January 27, 1998, Dartmouth, Nova Scotia Etruscan Resources Inc. (EET.TSE) announced today that the Toronto and Vancouver stock exchanges have accepted notices filed by the Corporation of its intention to make normal course issuer bids. The notices provide that the Company may, during the 12 month period commencing January 30, 1998 and ending January 29, 1999, purchase on the Toronto and Vancouver stock exchanges up to 1,500,000 shares in total, being approximately 4.18% of the outstanding common shares, subject to a maximum aggregate expenditure by the Corporation of approximately $9 million. The price which the Corporation will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by the Corporation. There are approximately 35,862,467 shares of the Corporation outstanding. The Corporation believes that its common shares have been trading in a price range which does not adequately reflect their value in relation to the Corporation's business and its future business prospects. As a result, depending upon the future price movements and other factors, the Corporation believes that its outstanding common shares may represent an attractive investment and a desirable use of a portion of its available funds. Etruscan Resources Inc. is directly and through its subsidiaries involved in the acquisition, exploration and development of mineral properties in West Africa. The common shares of Etruscan are traded on The Toronto Stock Exchange and the Vancouver Stock Exchange under the symbol "EET". Etruscan is 5.6% (2,006,834 shares) beneficially owned by NovaGold Resources Inc. which is listed on The Toronto Stock Exchange under the symbol "NRI" and 11.6% (4,175,275 shares) by Placer Dome Inc. ON BEHALF OF THE BOARD OF DIRECTORS OF ETRUSCAN ENTERPRISES LTD. Gerald J. McConnell, Chief Executive Officer The Vancouver Stock Exchange has neither approved nor disapproved of the contents of this news release. __________________________________________________________________________ For more information contact: Angus G. MacIsaac, Dartmouth, Nova Scotia (902) 468-9270 Pierre Besuchet, Geneva, Switzerland (22) 732 53 55 Tony Hayes, Toronto, Ontario (416) 368-0882 More extensive information on Etruscan, can be found on our home page at etruscan.com Head Office Suite 300, 3 Spectacle Lake Drive Dartmouth, Nova Scotia, Canada B3B 1W8 Phone: (902) 468 9270 Fax: (902) 468 9279 E-mail: info@etruscan.com Website: etruscan.com c Copyright Etruscan Enterprises Ltd. All Rights Reserved Mass E-mailing System Management by Berwick Management Corp. (http://www.berwick.com)