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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: Rob Toor who wrote (500)	1/28/1998 6:24:00 PM
From: Sergio R. Mejia	Read Replies (1) \| Respond to of 1474

Avalon Ventures Ltd - Private Placement 666,667 special warrants at $1.50 Avalon Ventures Ltd AVL Shares issued 16,615,897 Jan 27 close $1.60 Wed 28 Jan 98 Private Placement The VSE has accepted for filing a brokered private placement of 666,667 special warrants at $1.50. Each special warrant is exchangeable for one flow through share without payment of any additional consideration. There are no penalty provisions attached to the special warrants. The placee is Triax Resource LP II. C.M. Oliver & company will receive 7% of the gross proceeds payable by way of 46,667 shares. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Rob Toor who wrote (500)	1/29/1998 8:11:00 AM
From: DRT	Read Replies (1) \| Respond to of 1474

No question its due to wider exposure - the house positions seem to indicate that - 15 of 23 brokerage firms were net buyers (led by Greenline, Golden Capital, Gundy, Canaccord, Nesbitt, First Marathon, CM Oliver, Midland, ScotiaMcleod, etc.). There was certainly no dramatic changes in house positions, which indicates to me that this run is sustainable and will likely go considerably higher over the short term (obviously, many factors will determine this - just my opinion, but the technicals look very difference than in October). Russ Cranswick's article in the Jan 30th edition of Investor's Digest is just the start of broader coverage by both analysts and mining news writers!!! DRT