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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (7573)	10/5/1998 6:46:00 PM
From: Ed Pakstas	Read Replies (3) \| Respond to of 11676

Teck to invest $1,050,000 Donner Minerals Ltd DML Shares issued 31,689,657 Oct 5 close $0.32 Mon 5 Oct 98 News Release Mr. David Patterson reports Teck Corporation has committed to make an additional $1,050,000 investment in Donner Minerals. The company and Teck have negotiated a reduction in the exercise price of the 1,400,000 B warrants held by Teck as a result of its initial private placement in Donner. The B warrants, which expire Oct. 18, 1998, currently have an exercise price of not less than $2.75. The company will be seeking VSE approval to a 75 cent per share exercise price, a premium to the current share price. The funds from Teck's exercise of the B warrants will be used towards continued geological and geophysical field surveys and diamond drilling on the company's exploration properties in Labrador in 1999. Drilling continues on targets throughout the South Voisey Bay project. Promising drill targets have been identified through the integration of geology, airborne geophysical results and ground geophysical results, including pulse EM and gravity on the North Gabbro, South Gabbro, the Suture zone to the east and the intervening area between the North Gabbro and South Gabbro and the Suture zone. Pulse EM and regional gravity surveys continue to be carried out over the North Gabbro and South Gabbro. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com