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Gold/Mining/Energy : African Metals Corporation(AFR-Cdnx)(was Shiega resources) -- Ignore unavailable to you. Want to Upgrade?

To: Wats who wrote (101)	4/23/1998 6:43:00 PM
From: Wats	Read Replies (1) \| Respond to of 151

Follow-up news release: 1m unit financing closedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Shiega Resources Corpÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ SHG Shares issued 19,211,060ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Apr 22 close $0.55 Thu 23 Apr 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr Donald Nicholson reports The company has now closed itsÿ recentlyÿ announcedÿ privateÿ placementÿ of 1,000,000ÿ units at $0.35, each unit consisting of one common share and one warrant, each warrant entitlingÿ theÿ holderÿ toÿ purchaseÿ oneÿ additional common share of the company at $0.50 on or before April 21 1999. The common shares issued as part of the units and any common shares issued on exercise ofÿ theÿ warrantsÿ areÿ subject to a hold period which expires on August 21 1998. In consideration of arranging the private placement, the company has paid a finder's fee of $33,750 in cash to Gen Too Research. (c) Copyright 1998 Canjex Publishing Ltd.