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Gold/Mining/Energy : Pamlico Resources Ltd.(PGP) Russian Diamonds -- Ignore unavailable to you. Want to Upgrade?


To: Don craig who wrote (26)3/31/1998 1:06:00 AM
From: arizona_ice_tea  Respond to of 41
 
News Release March 26, 1998

March 26, 1998
VSE Trading Symbol: PGP
Shares issued 10,236,174
Mar 25 close $1.15

NEWS RELEASE

Shareholders approve acquisition; proposed brokered private
placement approved

Mr Pellegrino Capone reports,

At the company's extraordinary general meeting the shareholders of the company approved the acquisition by the company of up to 100% of the issued shares of Trillium Consulting and Trading and the issuance of up to approximately 15,900,000 shares on conversion of promissory notes to be issued in connection with the acquisition. The shareholders also approved the proposed brokered private placement of up to 8,000,000 units with Whalen Beliveau and Associates and any change of control resulting from the acquisition or the private placement.



PAMLICO GOLD CORP.



The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.



To: Don craig who wrote (26)4/1/1998 2:04:00 PM
From: casper  Read Replies (2) | Respond to of 41
 
From what I've heard the PP is basically a done deal and at $2!!!. With the stock trading down in the $1.25 range and news coming in the next few days I would guess it's about ready to make another move. It looks like a good buy right here.