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Gold/Mining/Energy : Troymin Resources (A.TYR) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Boychuk who wrote (429)	5/28/1998 1:18:00 PM
From: Rocket Red	Read Replies (2) \| Respond to of 555

I have looked at them they are very good and i have no doubt in my mind that tyr will be the first to hit kimberlight outside aca as i do think most pipes will be found north of aca as we already no south pipes very few diamonds

To: Thomas Boychuk who wrote (429)	6/5/1998 4:55:00 PM
From: Famularo	Read Replies (1) \| Respond to of 555

Yorkton says buy Troymin Resources Ltd TYR Shares issued 21,789,177 Jun 4 close $0.71 Fri 5 Jun 98 Research Art Ettlinger says why On April 9, Troymin Resources announced its intention to enter into a joint venture agreement with Monopros Ltd., the wholly owned Canadian exploration arm of De Beers. The terms of the proposed joint venture agreement allow Monopros to earn up to a 60 per cent interest in 1.1 million acres (five prospects) lying within the Buffalo Head Terrane. Troymin currently holds a 100 per cent interest in these properties. Monopros will earn a 51 per cent interest by incurring exploration expenditures of $5.5-million by Feb. 28, 2002. A further 4 per cent interest may be earned by financing 100 per cent of the initial $15-million of expenditures on the five property blocks. The final 5 per cent interest can be obtained if Monopros arranges financing for Troymin's share of the costs associated with developing the first mine. Subsequent to this agreement, Monopros has agreed to purchase a private placement in Troymin consisting of 428,000 units at 70 cents per unit. Each unit consists of one common share and one warrant exercisable at $1.05 for two years. It is interesting to note that the terms of the agreement as outlined in the news release of April 9, are generally similar to the original agreement made among Ashton, Alberta Energy Company and Pure Gold Minerals. Total expenditures required by Ashton and Pure Gold to earn a combined interest of 57.5 per cent from Alberta Energy (compared to the 60 per cent Monopros may earn from Troymin) was also $5.5-million. Similarly, the size of the land areas covered by the two agreements is 1.45 million acres and 1.1 million acres for Ashton and Monopros, respectively. Perhaps the private placement in Troymin by Monopros can be viewed as a small premium that is being paid for entry into the Alberta diamond play now that diamondiferous kimberlites are known to occur in Alberta. We believe the agreement between Troymin and Monopros is a significant development for Alberta. The participation of Ashton and now Monopros, two highly competent and tightly managed exploration and mining companies, brings world class diamond industry experience to the province. Investors must realize, however, that these two companies are 100 per cent focused on finding diamond deposits. Playing to market demands and tailoring exploration programs to best suit market cycles only distracts from their efforts.