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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC) -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (152)	5/26/1998 4:20:00 PM
From: Mr.Staya	Read Replies (2) \| Respond to of 397

Attention All; AMC is set to release the $3,000,000 U.S. financing on Thursday, as well as part of the second phase drill results. The financing should act as a nice floor for this stock, and will also help generate investor confidence. I believe it is set at the .50 cent mark or so. The end of this week and the next should be very positive and exciting for AMC and their shareholders. They are trying like hell to get the phase II results out for Thursday at the Gold Show........Here's hoping! Good Luck, Ric

To: knight who wrote (152)	5/27/1998 6:17:00 PM
From: knight	Read Replies (2) \| Respond to of 397

***NEWS RELEASE*** $3m (U.S.) convertible debenture financing; La Manchuria drillingÿÿÿÿÿÿÿÿÿ progressÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Abacus Minerals Corporationÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ AMC Shares issued 21,590,405ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ May 26 close $0.48 Wed 27 May 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release Mr. Steve Todoruk reports The company has signedÿ aÿ commitmentÿ forÿ $3-millionÿ (U.S.)ÿ convertible debenture financing to be provided by First American Financial Group of New York. Proceeds will be used to finance developmentÿ ofÿ theÿ Niblackÿ projectÿ in Alaska and the La Manchuria project in Argentina, and for working capital. The terms of the convertible debenture were set out inÿ theÿ previousÿ news release.ÿ Closingÿ ofÿ theÿ financingÿ is subject to regulatory acceptance, completion of financing documents and closing occurring by July 11, 1998. Five phase II diamond drill holes have been completed on theÿ Laÿ Manchuria property in Santa Cruz, Argentina. The drill holes tested the area of drill hole LM98-2 which previously reported grades of 6.53 g/t gold and 22.3ÿ g/t silverÿ overÿ 58.05 metres. The assay results of these first phase II drill holes are pending and will be released as soon as available. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com