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To: Grant MacMillan who wrote (569)	5/7/1999 8:17:00 AM
From: StockPro	Respond to of 1690

The private placement was done about a year ago and consisted of 3 million shares at $2.25, along with 1.5 million warrants (exercisable at $2.25), and another 300,000 brokers warrants (also exercisable at $2.25). Since the PP (thru to and including yesterday), Canaccord and Yorkton have had "net sales" of IWM shares in excess of 4 million shares, so I would assume they have no PP shares left. The warrants, meanwhile, expired recently (Apr 21 ?) and none were exercised before expiry because they were not "in the money".

To: Grant MacMillan who wrote (569)	5/7/1999 11:19:00 AM
From: New Economy	Read Replies (1) \| Respond to of 1690

I can agree with you but you gotta admit Cannacord & Yorkton create a lot of liquidity for junior stocks. Anyway Cannacord was buying today large lots @ 4.58.