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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?

To: average joe who wrote (3677)	4/26/1999 5:16:00 PM
From: Lerfold Harvey	Respond to of 5206

April 26, 1999 Private Placement, 600,000 Units KENSINGTON RESOURCES LTD ("KRT-V;KNSRF-L") - Private Placement, 600,000 Units David H. Stone, President, Kensington Resources Ltd. (the "Company") is pleased to report that it has arranged for a private placement of 600,000 Units at a price of $0.25 per Unit for gross proceeds of $150,000. Each Unit shall consist of one common share and one non-transferable share purchase warrant. Each share purchase warrant shall entitle the holder thereof to purchase one additional common share in the capital of the Company for a period of two years from closing for the exercise price of $0.30 in the first year and $0.40 in the second year. Any securities issued pursuant to the private placement or upon the exercise of the share purchase warrants shall be subject to a hold period expiring four months from closing. The proceeds of the private placement will be used to fund the processing of minibulk samples from the 1999 exploration program at the Fort a la Corne Diamond Project in Saskatchewan as well as for general working capital. A cash commission comprising 6% of the value of the private placement is payable. TEL: (604) 681-0377 David H. Stone, PresidentFAX: (604) 689-2669 ______________________________________ (