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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: Joel W. Grothendick who wrote (739)	5/6/1998 11:29:00 AM
From: Ed Pakstas	Read Replies (2) \| Respond to of 3380

Special warrant financing closed Labrador International Mining Ltd LAB Shares issued 10,561,308 May 5 close $0.50 Wed 6 May 98 News Release Mr. Jerry Bradley reports The company has closed the private placement of 4.5 million special warrants at 22.5 cents reported in Stockwatch March 3, 1998 and has renegotiated a private placement with Union Securities for six million units at 37.5 cents for total proceeds of $2,250,000. Each unit consists of one share and a warrant to purchase a share at 37.5 cents in the first year and 42.5 cents in the second year. The company has agreed to pay Union Securities 6.5 per cent of gross proceeds and has further agreed to issue class B warrants to purchase up to 600,000 shares at 42.5 cents for two years. Funds will be used to finance Voisey's Bay work, property acquisitions and exploration as well as for general administrative purposes. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com