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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (735)	8/22/1998 1:43:00 PM
From: Peter balk	Read Replies (2) \| Respond to of 1030

Frank, I see that you are still at it. Are you going to keep averaging down when it hits 10 cents? I thought you stated that it was undervalued at $1.00..no sorry..80 cents....then 50 cents....then 45 cents...it must be a real bargain at 30 cents !!!! You are quite the expert !

To: Famularo who wrote (735)	8/24/1998 11:47:00 AM
From: Jesse	Read Replies (2) \| Respond to of 1030

Pure Gold Minerals Inc - $500,000 financing PURE GOLD MINERALS INC. 1255 West Pender Street Vancouver, British Columbia, V6E 2V1 Tel.: (604) 687-2038 Fax.: (604) 687-3141 AUGUST 24, 1998 TSE SYMBOL: PUG $500,000 PRIVATE PLACEMENT Vancouver, BC. Pure Gold Minerals Inc. (TSE-PUG) announces a private placement of 2,000,000 Units at a price of $0.25 per Unit to arm's length investors. Each Unit will consist of one common share and one Warrant to purchase an additional common share, exercisable for two years at a price of $0.30. A commission of 8% is payable in Units to Lines Overseas Management Ltd., which structured the private placement. The private placement is subject to the approval of the Toronto Stock Exchange. for further information contact: Donald R. Sheldon, President Carina Bittel, Shareholder Information 1-800-667-1660 vancouver local: 682-1240