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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: Ed Pakstas who wrote (740)	5/6/1998 11:46:00 AM
From: Lee Bush	Read Replies (1) \| Respond to of 3380

Well. Union and LAB are really in bed together now, aren't they. It seems LAB has a pretty impressive source of funds. Now let's bring home the bacon. Lee

To: Ed Pakstas who wrote (740)	5/6/1998 11:52:00 AM
From: Flea	Read Replies (1) \| Respond to of 3380

Hey Ed...look at this version I got...I think SW screwed up again...which one is correct? I guess it doesn't matter...the point is the pp is now for 6M units. Labrador International Mining Ltd - Special warrant financing cancelled Labrador International Mining Ltd LAB Shares issued 10561308 1998-05-05 close $0.5 Wednesday May 6 1998 Mr. Jerry Bradley reports The company has cancelled 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.