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Gold/Mining/Energy : Nora NXI on ME -- Ignore unavailable to you. Want to Upgrade?

To: John Stella who wrote (141)	1/21/1998 12:12:00 PM
From: Robert Morris	Respond to of 420

Hi John, Read this about Nora Exploration in the Inner Circle Newsletter at investor1.com TECHNICAL TRADERS REVIEW The following data is for discussion purposes only and is intended for those individuals who enjoy reviewing technical indicators. *It is not the purpose of this newsletter to provide buy or sell recommendations, for that you should contact a licensed financial advisor.* Nora Exploration (NXI,M) Buy Signals: 100% oversold Jan 13@$1.00 Notes: NXI has been in a downtrend for several days now. The head office in Montreal has been closed for the past two days due to the terrible ice storms which have hit that region recently. Trends have a way of continuing so many market watchers may wait for the Time Series signals to turn the corner before jumping on this one. Good fundamental news should be forthcoming in the first quarter.

To: John Stella who wrote (141)	2/4/1998 2:12:00 PM
From: Dominique Daoust	Respond to of 420

Hi john , i would like to know if there's nothing new in this one . I don't have anything new on my side...... Regard Dominique

To: John Stella who wrote (141)	2/12/1998 3:20:00 PM
From: gmweber	Read Replies (1) \| Respond to of 420

John Stella 100% of Otjua Minerals to be acquired Nora Exploration Inc NXI Shares issued 21,290,682 Feb 11 close $0.90 Thu 12 Feb 98 News Release Mr Pierre Leveille reports The company has released the terms of its offer and option agreement whereby Nora can obtain 100% ownership of Otjua Minerals (Pty). Located on the eastern shores of the Atlantic Ocean the contractual concessions stretch 140km along the Namibian coastline, they include the beaches from North Rock in the south to Grosse Bucht to the north, are 100m wide above the high water mark and extend 5km into the ocean. With the use of publicly available information and historical data Dr Donald Sutherland, a geologist with Placer Analysis, concluded in a 1996 report that sampling and mining along the present coast within the contract area has shown significant mineralization throughout its entire length, of which 95% are gem quality. Pursuant to contractual obligations, with NAMDEB (a corporation jointly and equally owned by the Namibian government and De Beers Consolidated Mines), no quotas are imposed on production and NAMDEB is required to purchase all production. Under contract with NAMDEB, the contractual rights are valid until 2019. For an additional 26% interest in Otjua, the company has offered Elizabeth Bay Diamonds (Pty), an amount totalling $6.4 million dollars payable in cash and shares of Nora. Furthermore, Nora will have an option, valid for two years following the closing of the transaction whereby Nora can acquire the remaining 27% interest in Otjua from Elizabeth Bay for an amount totalling $3.4 million payable in cash and shares of Nora. All shares issued in this agreement shall be hold in escrow for no less than two years and no more than four years following the date of issue. The board of directors shall mandate an independent consultant in order to present its recommendations to the shareholders. Both parties have agreed to a confidentiality clause pertaining to the conditions of the agreement stating that the conditions shall remain confidential until the independent consultant's report is received by Nora, which is expected to be completed and delivered by the end of March 1998. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com regards gmweber