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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (31019)	3/16/1998 5:42:00 PM
From: Raye Derickson	Respond to of 35569

MG Gold Private Placement Monday March 16, 2:24 pm Eastern Time Company Press Release MG Gold Corp. Announces Director Approval of Private Placement PHOENIX--(BUSINESS WIRE)--March 16, 1998--MG Gold Corp. (OTC BB:MGAU - news; MG Gold) announced that a private placement has been approved by the board of directors. The placement will be for 1 million shares to be sold at $.40 per share with an accompanying warrant for each share at $1.00 exercisable on or before April 1, 1999. The placement closure date is April 1, 1998. MG Gold Corp. also wishes to announce a change in mailing address. New Address: 1334 E. Chandler Blvd. Building No. 5, Suite B-72 Phoenix, AZ 85048 All inquiries can be made through the offices of MG Gold Corp. at 1334 E. Chandler Blvd., Phoenix, AZ 85048 or by calling Mike Amundson, chief operating officer, at 602/460-7842 - fax no. 602/460-6324. ------------------------------------------------------------------------ Contact: MG Gold Corp., Phoenix Mike Amundson, 602/460-7842 Fax: 602/460-6324