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


To: John Flaherty who wrote (1903)3/17/1998 5:46:00 PM
From: ST  Read Replies (1) | Respond to of 2378
 
I am a fairly new investor in STS and was wondering if anyone could let me know how big a deal the news that STS released is. It sounds very exciting, however how much is 916kg alluvial and 427kg eluvial gold in the greater scheme of things. Is this a major find? Especially when you consider this is from only one small piece of their properties. I am glad that STS is finally releasing some good news however, I wonder how important it is when the price is somewhat stagnant even after this sort of news. Anyway, I appreciate any help from some of our more knowledgeable subscribers in this area and good luck to all fellow investors. Thanks.



To: John Flaherty who wrote (1903)3/18/1998 10:13:00 AM
From: Camlaura  Read Replies (1) | Respond to of 2378
 
Hi everyone:

News...I need to know what this means....I am new here, but isn't the price awfully low?

March 18, 1998

Non brokered Private Placement for 700,000 Units

STARPOINT GOLDFIELDS INC ("STS-V")

- Non-brokered Private Placement for 700,000 Units

Harry Z. Bristman, Chairman & C.E.O. of Starpoint Goldfields Inc., announces a non-brokered private placement for 700,000 units at $0.15. The units will be comprised of one share and one two year share purchase warrant exercisable at $0.15 in the first year and $0.18 in the second year.

The proceeds of this $105,000 placement will be used for exploration on the Company's gold and diamond property in the Democratic Republic of Congo and for working capital.

TEL: (604) 688-6838 Harry Z. Bristman, Chairman & C.E.O. FAX: (604) 688-6839 TEL: 1-800-852-8885

______________________________________

(c) Corporate Dissemination Services Inc. All rights reserved.

Tel:(604) 689-1101 Fax:(604) 689-1106

RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.

This Report Updated by Canstock at 6:47:23 Pacific Time

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