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Gold/Mining/Energy : ISLAND-ARC RESOURCES IAR-VSE -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (87)	2/20/1998 11:09:00 PM
From: The Fix	Read Replies (1) \| Respond to of 186

NEWS.....NEWS.......NEWS........ Subject: Stockwatch: Island-Arc Resources Corporation - Private Placement Date: Fri, 20 Feb 1998 14:12:06 -0800 1.27m shares at $0.30 Island-Arc Resources Corporation IAR Shares issued 8,583,285 Feb 19 close $0.55 Fri 20 Feb 98 Private Placement The VSE has accepted for filing a non-brokered private placement of: No. of shares: 1,270,000 Price: $0.30 Warrants: For 1,270,000 shares Wt exercise price: $0.30 in year one; $0.35 in year two Placees: Atlantis Capital (Lawrence Barr) 420,000; Randy Butchard 330,000; Gerald H. Rayner 150,000; and seven others