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Gold/Mining/Energy : Steppe Gold (SPE:V) -- Ignore unavailable to you. Want to Upgrade?

To: bill718 who wrote (968)	6/14/1998 3:39:00 PM
From: Steve Johnston	Read Replies (1) \| Respond to of 1248

Antares' involvement give shareholders a safety net, which is good in these terrible times for the junior gold sector. The downside is, of course the dilution, and the fact that the cheap warrants will prevent a quick upside to the stock. In otherwords, don't look for 30 cents, plus, again for a year or two. Regards.

To: bill718 who wrote (968)	6/16/1998 9:29:00 PM
From: bill718	Read Replies (3) \| Respond to of 1248

Options issued and repriced: Steppe Gold Resources Ltd SPE Shares issued 27,967,926 Jun 16 close $0.16 Tue 16 Jun 98 News Release Mr. John Menzies reports The company will issue 3,340,000 incentive stock options to directors, officers and employees. The options will have a five year term and will be exercisable at 20 cents for two years. The previously issued and outstanding incentive stock options, totalling 1,155,000, granted to directors, officers and employees of the company at exercise prices ranging from 50 cents $1.40 per share will be repriced to 20 cents per share. All other terms of the outstanding options remain unchanged. Upon completion of the above, the company will have 4,495,000 incentive stock options outstanding, exercisable at 20 cents per share. **************************************************************** Comments?