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Gold/Mining/Energy : New Claymore Resources -- Ignore unavailable to you. Want to Upgrade?


To: Just Wayne who wrote (307)5/7/1998 9:47:00 AM
From: Famularo  Respond to of 531
 
We are talking about DS niece right? Oh well, that is great that she is bright and considerate but if she is pretty there is nothing wrong with being referred as a babe. She may take this as a compliment. As for her husband, lucky him.

Lots of drilling expected in June/July from many juniors, hope we intersect a few pipes.

regards
Frank Famularo



To: Just Wayne who wrote (307)5/26/1998 7:30:00 PM
From: Just Wayne  Respond to of 531
 
*** News Release ***

May 19, 1998 VSE Symbol - NCS
U.S. 12g #82-8433

NEWS RELEASE 98-5
Private Placement

New Claymore Resources Ltd. (the "Company") is pleased to announce that it has agreed to a private placement of up to 1,000,000 units (the "Units") at a price of $1.60 per Unit. Each Unit will consist of one common share in the capital of the Company and one non transferable share purchase warrant (the "Warrants"). Each Warrant will entitle the holder to purchase a further common share (the "Warrant Shares") in the capital of the Company for a period of one year at a price of $1.75 per Warrant Share.

Golden Capital Securities Ltd. ("Golden") has agreed to act as exclusive agent (the "Agent") for the private placement and as such will receive a commission of 7.5% of the gross proceeds of the Units placed by Golden, payable in cash or common shares. In addition, the Company has agreed to issue to Golden 200,000 warrants, (the "Agent's Warrants"), and a corporate finance fee of $80,000 payable by the issuance of 50,000 common shares at a deemed price of $1.60 per share. Each Agent's Warrant will entitle the Agent to purchase a further common share of the Company for a period of one year at a price of $1.75 per Agent's Warrant Share.

The net proceeds from the issue will be used to fund the exploration and development of the Company's Buffalo Hills, Alberta properties and for general corporate purposes.

The private placement is subject to all necessary regulatory approvals.

NEW CLAYMORE RESOURCES LTD.

signed "Anthony Rich"

Anthony Rich, P. Geol.
President

For further information please contact:
Jackie Muirhead, Investor Relations
Tel: (604) 669-1084 Toll free: 1-888-522-9333
Fax: (604) 669-7659
E-mail: comments@newclaymore.com
Web Site: www.newclaymore.com



To: Just Wayne who wrote (307)5/26/1998 7:38:00 PM
From: Just Wayne  Read Replies (1) | Respond to of 531
 
Seems like nothing but good news from NCS. Claymore and partners have selected 18 targets (to the north of the Ashton discoveries) for drilling this summer based on the recent, expensive and unique, high tech combined analysis approach they have taken.
They must be confident to undertake a placement of this size at this time but if fully taken up, they still will have less than 7 million shares fully diluted and a whack of funds in the bank.

And good luck to them!

Just Wayne