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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?


To: topstock who wrote (430)2/4/1998 5:41:00 PM
From: Leigh McBain  Read Replies (1) | Respond to of 822
 
MIX.ASE News Release: Re - Diamonds

I do not have an electronic copy of the release, however, in a short summary they have announced an increase in "Class A" targets (anomalies from the HRAM showing signatures similar to kimberlitic pipes) from 26 to 33, as well as an increase in total targets from 59 to 84. By comparison, it is my understanding that Ashton did not have any "Class A" targets. It has been indicated that the company is well into JV negotiations on the property and are hoping to be able to announce completion in short order. I do not have any further details on this particular item.

The company is also in the midst of the kick-off of a new PR campaign, however, they have run into some delays with that. I expect this to be taken care of shortly, at which time (especially if it coincides with the announcement of the JV) I hope to see things really start to move. Obviously this is just my opinion, but they seem to have done a good job of putting the building blocks in place.

If the company sounds of interest, you may want to check out the web site at mixcorp.com The company can be reached at 403-448-0922, the IR contact is Perry Meszaros.

Salut,
Leigh McBain

PS - I am a shareholder, but am in no way connected to the company by any other means.



To: topstock who wrote (430)2/4/1998 6:03:00 PM
From: Bruce Lock  Read Replies (1) | Respond to of 822
 
VIP/Victory Ventures Announces Financing with Yorkton Securities Inc.

VICTORY VENTURES INC.
Suite 311 - 788 Beatty Street
Vancouver, B.C., V6B 2M1

February 4, 1998
TRADING SYMBOL: VIP:VSE

VICTORY VENTURES INC. ANNOUNCES FINANCING

Victory Ventures Inc. (VIP:VSE) announces that it has arranged a
financing with Yorkton Securities Inc. The financing will be an
Exchange Offering Prospectus (E.O.P) and the number of units will
be a minimum of 2,500,000 and a maximum of 3,300,000.
The agreement contains a "greenshoe option" allowing for up to
495,000 additional units to be over allotted by the Agent at anytime
within 60 calendar days after closing.

Each unit will consist of one share and one warrant (the "series A
warrant"). Each series A warrant will be exercisable for 12 months from the date of issue into one common share. The exercise price of the series A warrant will be equal to the offering price of the units. Subject to regulatory approval, the warrants would be listed on the
Vancouver Stock Exchange.

The offering price of units will be determined by the market upon
closing of the E.O.P. which is subject to approval by the regulatory
authorities.
The total amount of proceeds will be $1,518,000 if maximum greenshoe
over-allotment option is exercised and approximately $1,200,000 will be used for diamond exploration on the Company's properties in Alberta.

The Agent shall be entitled to a commission of 7 «% of the gross
proceeds of this offering payable upon closing. The Agent shall also be entitled to broker's warrants equal to 15% of the units sold. The exercise price of the broker's warrants will be equal to the exercise price of the series A warrants and the broker's warrants will expire on the same day as the series A warrants.

For additional information contact 800-370-4412 Cdn, 800-831-2956 US, or 604-681-7210 direct.
Internet web-site address is victoryventures.com.

On Behalf of the Board of Directors
Victory Ventures Inc.

Per: Charles Desjardins, President

The Vancouver Stock Exchange has neither approved nor disapproved the
information contained herein.



To: topstock who wrote (430)2/4/1998 6:53:00 PM
From: Colin Myrholm  Respond to of 822
 
Agau Resources - Alberta Diamond Property Exploration Update, Purchase of Eagle Mineral Claims Interest

EDMONTON, ALBERTA--Agau Resources, Inc. ("Agau") and 695491
Alberta Ltd. ("Vendor") report that a ground crew has successfully
completed a magnetometer survey of a number of sites on the Spirit
Ridge property that were previously identified from satellite side
radar imagery, aeromagnetics and airborne infrared photographs.
Shallow soil samples were collected from eight of the most
promising locations identified by the magnetometer survey.
Olivine clays, an indicator that lava rock may be present, were
encountered at four of the locations. A preliminary microscopic
assessment by Agau found two possible kimberlite indicator
minerals from one location and a single possible indicator mineral
from a second location. The samples will undergo detailed
analysis prior to determining actual targets for further extensive
exploratory work. Results of the soil sample analysis are
expected within the next month.

The Spirit Ridge property, located in the Peace River District of
Alberta, was the subject of a January 19, 1998 news release
wherein Agau and the Vendor announced they had entered into a
letter of intent whereby Agau will purchase mineral permits on
approximately 21,000 acres and obtain an option on an additional
nine townships, approximately 200,000 acres. The definitive
agreement is expected to be executed shortly. The area in which
the property is located is currently subject to intense diamond
exploration activity.

Agau also announces that effective January 23, 1998 Agau acquired
a 25 percent interest in six mineral claims containing 5,331.9
acres, known as the Eagle mineral claims, located on the south
shore of Tchentlo Lake, about 210 km north of Prince George, in
the Omineca Mining Division of British Columbia. Consideration
for the interest was $22,500, paid at time of closing, and a note
for $35,000 payable in one year, without interest.

Agau's wholly owned subsidiary, 722380 Alberta Ltd. ("722380")
holds an option on the Eagle claims under which a payment of
$22,500 was due to the vendor of the 25 percent interest on
December 31, 1997 with further payments of $35,000 and $82,500 due
on December 31, 1998 and 1999 respectively. Those payments have
now been eliminated. In conjunction with the purchase by Agau,
option payments due to the owner of the remaining 75 percent
interest in the Eagle claims were reduced and rescheduled as
follows:

/T/

Previous Revised
-------- -------
December 31, 1997 $ 67,500 $ 22,500
December 31, 1998 $105,000 $ 40,000
December 31, 1999 $247,500 $ 65,000
December 31, 2000 - $247,500

/T/

Agau is a Canadian mineral exploration company based in Edmonton
with a listing on The Alberta Stock Exchange.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Agau Resources, Inc.
Einar Myrholm
President
(403) 413-9392

THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED
THE INFORMATION CONTAINED HEREIN.