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Gold/Mining/Energy : Raindrop Resources Ltd -- Ignore unavailable to you. Want to Upgrade?

To: Wil Danielson who wrote (158)	9/14/1998 7:08:00 PM
From: steamer	Read Replies (2) \| Respond to of 178

How about a month or two. Its easy to make any deal Wil, just as its easy to sell but your patience to hold and the company's patience to get the right deal is what makes winners. There's never any guarantee's but here's hoping our patience will soon enrich all our portfolio's. FOR IMMEDIATE RELEASE September 14, 1998 ANNOUNCEMENT Calgary, Alberta: Harry Joujan, President of Raindrop Resources Ltd. (RAP.ASE) is pleased to announce that Raindrop has signed an agreement in principle with Hexagon Gold (Ontario) Ltd. to acquire a 25 % undivided interest in the Camp River, Cousineau and Bad Vermillion projects in the Rainy River District in northwestern Ontario and Hexagon Resources Group S. A. for a 25 % undivided working interest in six properties (the Santa Maria Project) in the Batapilas Area of Chihuahua State, in northern Mexico. In consideration, Raindrop will issue 1.5 million common shares to the vendors and incur $4.5 million (Cdn.) expenditures for exploration and property commitments on these projects within five years. Raindrop intends to complete a non-brokered private placement within three to four weeks to finance an initial phase of exploration. This financing will consist of a maximum of 3.5 million units at $ 0.10. Each unit will consist of one common share and one share purchase warrant. Each share warrant will be valid for a period of twelve months and will allow bearer to purchase one-half common share for $ 0.30. This agreement and the proposed private placement are subject to regulatory approval . The Alberta Stock Exchange neither approves or disapproves of the information contained herein. For further information contact Harry Joujan at (403) 205-3788 or Fax: (403) 205-3763 or E-mail raindrop@cadvision.com. SEC #82-4565