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Gold/Mining/Energy : Gallery Resources (Alberta GYR) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen Morley who wrote (1214)	4/21/1998 2:15:00 PM
From: mabo	Respond to of 1829

2m unit financing completedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Gallery Resources Limitedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ GYR Shares issued 35,665,404ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Apr 20 close $0.37 Tue 21 Apr 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr Bruce Costerd reports Gallery has completed a private placement for gross proceedsÿ ofÿ $600,000. The placement consisted of 2,000,000 units at $0.30. Each unit consisted of one share and a warrant to purchase an additional share at $0.35 perÿ share for two years. The net proceeds from the private placement will be used for initial exploration activities on the company's miningÿ propertiesÿ inÿ the Voisey'sÿ Bay area of Labrador, payment of outstanding indebtedness and for general working capital. (c) Copyright 1998 Canjex Publishing Ltd.