Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IKE who wrote (800)	5/12/1998 7:24:00 PM
From: Flea	Read Replies (3) \| Respond to of 3380

Donner Minerals Ltd - $1m exploration program for South Voisey Bay Donner Minerals Ltd DML Shares issued 26161058 1998-05-12 close $2.57 Tuesday May 12 1998 Mr. Harvey Keats reports Donner Minerals has contracted with Labrador International Mining, GlobeNet Resources, and Pallaum Minerals to conduct a $1,000,000 two phase exploration program on two properties at South Voisey Bay, Labrador. Regional geological and gravity surveys will be completed on Adlatok River 1, on the projected extension of the Northern Gabbro, northeast of the Major General and Northern Abitibi properties. Detailed geological and gravity surveys and diamond drilling will be completed on Adlatok River 2, on the southeast portion of the Northern Gabbro. In addition, as a result of incurring certain expenditures and making certain share and cash payments, Donner has exercised its option to earn a 50 per cent interest in the Mandorin claims and a 60 per cent interest in the Major General claims. Both claim blocks are in Donner's South Voisey Bay project and are contiguous to the Donner/Northern Abitibi joint venture. Further to Donner's news release in Stockwatch dated Jan. 27, 1998, the private placement of 1,600,000 units at $1.14 has closed. The shares, and any shares issued upon the exercise of warrants, are subject to a four month hold period commencing Feb. 3, 1998. The funds raised by way of this private placement will be used to further exploration on Donner's mineral properties in the South Voisey Bay area of Labrador. The VSE has accepted for filing documentation with respect to a non-brokered private placement of 400,000 units at $2.25. Each unit consists of one share and one warrant to purchase an additional share for two years at $2.25 in the first year and $2.75 in the second.