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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 (108)	5/8/1998 6:59:00 PM
From: Wats	Read Replies (1) \| Respond to of 151

New release: Warrant terms amendedÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Shiega Resources Corpÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ SHG Shares issued 19,211,060ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ May 7 close $0.49 Fri 8 May 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release May 8, 1998 - The Company is pleased to announce that it hasÿ receivedÿ the approvalÿ ofÿ theÿ Warrantholdersÿ andÿ the Vancouver Stock Exchange to the reduction of the exercise price of the outstanding 3,183,000 Share Purchase Warrants of the Company and the outstanding 530,500 Agent's Warrants of the Company issued in connection with the Company's Special Warrant transaction on February 21, 1997. The exercise price of the Share Purchase Warrants and the Agent'sÿ Warrants hasÿ beenÿ reduced from $1.50 to $0.55 and the expiry date has been changed to the earlier of August 21, 1998 and the date that is the 30thÿ dayÿ after theÿ closingÿ marketÿ priceÿ ofÿ theÿ commonÿ sharesÿ of the Company of the Vancouver Stock Exchange exceeds $0.66 for ten consecutive trading days. ON BEHALF OF THE BOARD OF DIRECTORS OF SHIEGA RESOURCES CORPORATION Willis W. Osborne Director