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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (1671)	11/18/1998 3:35:00 PM
From: Alex Harrington	Respond to of 2346

News - financing: FOR FURTHER INFORMATION PLEASE CONTACT: Yamana Resources Inc. Amy Martin Investor Relations Coordinator (509) 838-6615 (509) 838-0714 (FAX) E-mail: amartin@yamana.com Home page: yamana.com NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: YAMANA RESOURCES INC. TSE SYMBOL: YRI NOVEMBER 18, 1998 Yamana Announces Special Warrant Financing SPOKANE, WASHINGTON--Yamana Resources Inc. announces that it is proceeding with a special warrant financing to raise a minimum of C$3.0 million and a maximum of C$8.0 million at a price of C$1.00 per Special Warrant. The syndicate, consisting of Canaccord Capital Corporation and First Marathon Securities Limited, may increase the size of the offering to C$9.2 million. Each special warrant will entitle the holder to acquire for no additional consideration one unit, each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the purchaser to acquire one additional common share at a price of C$1.30 during the 18-month period commencing on closing. Closing is anticipated to occur on November 27, 1998. This issue is subject to regulatory approval. The proceeds of this financing will allow the Corporation to continue its exploration and drilling programs on its properties located in Santa Cruz Province, Argentina. Yamana Resources Inc. is a Canadian exploration company holding interests in projects in Argentina, Chile, Paraguay, Papua New Guinea, Indonesia, and Washington state.