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Gold/Mining/Energy : EMR Microwave Technology (EMW.A) -- Ignore unavailable to you. Want to Upgrade?

To: ddl who wrote (115)	2/13/1998 1:24:00 PM
From: Robert D Curtis	Respond to of 397

It was part of the following news release. I have only pasted in the portion of the release thats applicable. I'm sure it's all back on the thread somewhere but this was quicker. November 7, 1997 Quarterly Review - 1 August 1997 1997 - 31 October 1997 FREDERICTON, N.B., Nov. 7 /CNW/ - EMR Microwave Technology Corporation ('EMR') (EMW-ASE) Concurrently with this release, EMR has also released its quarterly financial statements for the period ended 30 September 1997. During the last three months, the major expenditure activities were the capital requirements of the Lincoln pilot plant, advances to the Minex joint venture and continued development of the precious metal extraction technology. The company financed these expenditures from existing cash and special loans, including $485,000 in an unsecured, seven year interest free loan from the Atlantic Canada Opportunities Agency (ACOA) and $250,000 in a Government of Canada guaranteed small business loan. EMR will require, as announced in July's Quarterly Review, further funding to take the company through to the point where it expects significant cash flow from Minex in March 1998. This is estimated to be approximately $700,000 which is expected to be financed by private placement of $500,000 and cash from take down of directors options of $200,000. Half of this placement will be subscribed for by top management. The placement is expected to be approved on the same terms as the placement last spring, i.e. a unit consisting of one $.50 share with a warrant for $.60 for two years from date of closing. ps: I sure like the sound of that $10. down the road, I just want more before it happens. Have a Great Day ! Bob Curtis

To: ddl who wrote (115)	2/13/1998 1:58:00 PM
From: Casey	Read Replies (1) \| Respond to of 397

Denis: This is from a communication that I had with Mr. Carl D. Ash, chief financial officer of EMR when I asked the reasoning behind the very recent share price increase: "There is no material unannounced information.We follow the policy 41 disclosure rules.I can also tell you that the trading recently was not by insiders. I believe that the reason for the price increase is the increase in investor relations activity since Jan 1.We have hired I/R firms in New York and London,recently made numerous presentations to analysts in New York,Toronto and next week we are doing a quick 4 city road show in Europe,for which 1500 invitations and info packages were sent two weeks ago.As well,12 to 15 mining companies,and/ or their consulting metallurical engineers have visited the plant over the last 6 weeks.We also emailed the Jan 6 press release to 26,000 Canada Stockwatch subsribers.Because we were awaiting the completion of the pilot plant,we had not previously attempted to tell our story,outside of the local area,and have not attempted to promote the stock to any large markets.You will see a continuation of this activity and the start of our marketing of our metallurgical technology,both of which should help to get out our story further." Might this be on of those stocks which could dig us out of the IPM hole? <g>