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

To: Rick W. who wrote (233)	2/26/1998 4:12:00 PM
From: Pete Mimmack	Respond to of 601

Good points, but if you've got money to spend and you know this is a good company, why not put it here? My first purchase of GNY came the day before OPEC announced a 10% production increase. Oops. Since you can't always avoid circumstances like that, I don't feel too bad about averaging down. The price hasn't dropped because of anything about the company. So if it was a good buy at 1.60, one could say it is a better buy at 1.00. Clearly, the best buy today is the one which you think has the most upside potential from today's price. If that happens to be one you already own, so be it. But it sure is nicer to see the numbers go green if you buy one that goes up from your only purchase price! Pete

To: Rick W. who wrote (233)	3/5/1998 10:25:00 AM
From: Bob Vukovich	Read Replies (1) \| Respond to of 601

Hello Everyone: Financing Closed--Resume Trading gentryresources.com Gentry Resources Ltd - $1.7m special warrant financing closed Gentry Resources Ltd GNY.B Shares issued 13420064 1998-03-04 close $1.1 Thursday Mar 5 1998 Mr Ketan Panchmatia reports Further to Gentry's news release in Stockwatch February 20 1998, the private placement of 1,700,000 special warrants at $1.00 for total gross proceeds of $1,700,000 has closed. An option to sell up to an additional 170,000 special warrants at $1.00 remains outstanding until April 3 1998. Each special warrant entitles the holder to acquire, at no additional cost, one common share of Gentry, subject to adjustment in some circumstances. The special warrants were offered through St James Securities and First Marathon Securities, which are acting as agents in connection with the special warrant offering. Gentry intends to use its best efforts to file and obtain a receipt for a prospectus to qualify the common shares from the OCS on or before August 2 1998. Proceeds will be used by Gentry to finance exploration programs in Western Canada and West Africa. NOTE: Pacific International has put out a Research Report on Gentry Resources Ltd. Please feel free to give me a call toll free at 888 876 7197 (North America)if you would like a copy or if you have any questions regarding the Company Bob Vukovich Manager of Investor Relations Gentry Resources Ltd.