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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Cruise who wrote (225)	2/24/1998 11:17:00 AM
From: Bob Vukovich	Read Replies (1) \| Respond to of 601

Hello Tim: This financing is a good thing because it gives Gentry the added working capital to facilitate acquisitions and pay for our expanded local and international drill programs. The financing has no warrant or half warrant attached. It is a special warrant offering that will be converted in to a share at $1.00. There is a hold period of 120 days. This will not dilute our share float, because it is institutional financing, these type of investors should give Gentry the necessary time to mature and grow our company. The amount of institutional interest in Gentry is quite impressive in this negative oil market now experiencing. Keep the faith, Bob Vukovich Manager of Investor Relations Gentry Resources Ltd.