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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: JP who wrote (1822)	3/9/1998 3:28:00 PM
From: Jesse	Read Replies (1) \| Respond to of 4256

Hi JP. Hope ya feel better soon.) Here's the MEO News ($763,260 PP financing): 1,000,000 unit financing complete Montello Resources Ltd MEO Shares issued 35,719,337 Mar 6 close $0.50 Mon 9 Mar 98 News Release Mr Patrick Power reports The company has closed the private placement of 1,413,444 units at $0.54 announced in Stockwatch on October 20 1997. The private placement was originally announced at 1,000,000 units. Each unit consists of one share without par value and one warrant, each warrant entitling the holder thereof to purchase an additional share for two years at $0.68 if exercised in the first year or $0.75 if exercised in the second year. 787,000 of the units are flow-through units, both as to the shares and the warrants. The shares forming part of the units, as well as the shares which may be issued upon exercise of the warrants, are subject to a hold period which will expire at 4:00 pm on June 30 1998 for BC investors and 4:00 pm on December 31 1998 for Alberta investors. The use of the proceeds from the private placement of $763,260 will be for exploration on the company's diamond exploration permits in Alberta and for general working capital purposes. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com