To: Adjuster who wrote (23) | 12/14/1997 5:35:00 PM | From: John Soileau | | |
A little news, a little dilution: P R E S S R E L E A S E The Company wishes to announce that it has arranged a Flow Through Private Placement of 1,029,412 Units, at a purchase price of $0.34 per Unit to raise a total of $350,008 (the "Funds"). Each Unit is comprised of One Flow Through Common Share and one warrant to acquire a common share for two year period ending February 28, 1997, at $0.50 per share. The Warrants will be issued upon closing and will be transferable. The Funds will be placed in escrow, with the flow through shares being issued against payment out of escrow from time to time upon the Company producing receipts for qualifying expenditures on Canadian properties. The Company has until May 28, 1998, but not later than December 31, 1998 to incur, and renounce in favour of the investor in an amount equal to the Funds, expenditures on Canadian resource properties that qualify for flow through tax treatment. The Company will expend the funds on exploration of its Canadian resource properties. The placement remains subject to the approval of Regulatory Authorities ON BEHALF OF THE BOARD SPOKANE RESOURCES LTD. |
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To: John Soileau who wrote (26) | 1/5/1998 8:01:00 AM | From: John Soileau | | |
I got the annual report last week. It was irritating to see the Mexican property venture given first priority in the discussion section--with the Mac project playing second fiddle. A small detail, but telling in my opinion. John |
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To: John Soileau who wrote (28) | 1/26/1998 4:02:00 AM | From: burner | | |
Hi John, I noticed a fair amount of insider buying of the common stock in the market. Some 200,000 shares between 11/17 and 12/24. I will pull it of the BCSC and post it here in a couple of minutes. Dan ----.........................------------------............
SPOKANE RESOURCES LTD ARMSTRONG, G. ARNOLD 4 1 *CM 11-17-1997 10 3,000 0 0.360 3,033,753 4 1 *CM 11-18-1997 10 3,000 0 0.350 3,036,753 4 1 *CM 11-18-1997 10 1,500 0 0.360 3,038,253 4 1 *CM 11-18-1997 10 1,000 0 0.340 3,039,253 4 1 *CM 11-19-1997 10 2,500 0 0.350 3,041,753 4 1 *CM 11-21-1997 10 1,500 0 0.300 3,043,253 4 1 *CM 11-21-1997 10 10,000 0 0.340 3,053,253 4 1 *CM 11-21-1997 10 5,500 0 0.350 3,058,753 4 1 *CM 11-21-1997 10 5,000 0 0.370 3,063,753 4 1 *CM 11-24-1997 10 1,000 0 0.350 3,064,753 4 1 *CM 11-26-1997 10 2,500 0 0.350 3,067,253 4 1 *CM 12-01-1997 10 9,500 0 0.260 3,076,753 4 1 *CM 12-02-1997 10 5,000 0 0.320 3,081,753 4 1 *CM 12-02-1997 10 25,000 0 0.330 3,106,753 4 1 *CM 12-03-1997 10 47,500 0 0.300 3,154,253 4 1 *CM 12-03-1997 10 1,000 0 0.310 3,155,253 4 1 *CM 12-03-1997 10 20,000 0 0.330 3,175,253 4 1 *CM 12-04-1997 10 5,000 0 0.300 3,180,253 4 1 CM 12-04-1997 10 8,000 0 0.300 3,188,253 4 1 CM 12-08-1997 10 3,000 0 0.350 3,191,253 4 1 CM 12-08-1997 10 15,000 0 0.350 3,206,253 4 1 CM 12-08-1997 10 5,000 0 0.350 3,211,253 4 1 CM 12-10-1997 10 1,000 0 0.340 3,212,253 4 1 CM 12-11-1997 10 4,000 0 0.340 3,216,253 4 1 CM 12-11-1997 10 10,000 0 0.330 3,226,253 4 1 CM 12-11-1997 10 2,000 0 0.300 3,228,253 4 1 CM 12-12-1997 10 5,000 0 0.300 3,233,253 4 1 CM 12-15-1997 10 500 0 0.300 3,233,753 INSIDER TRADING REPORT FOR PERIOD ENDING January 23rd, 1998 Page 37 01-22-1998 08:34:22 SEC TRANSACTION UNIT ISSUER INSIDER RELN OWNER CLASS DATE NATURE ACQUIRED NATURE DISPOSED PRICE BALANCE ---------------------------------------- ------------------------------ ---- ----- ----- ---------- ------ ------------ ------ ------------ ------- -----------------
SPOKANE RESOURCES LTD ARMSTRONG, G. ARNOLD 4 1 CM 12-16-1997 10 10,000 0 0.300 3,243,753 4 1 CM 12-23-1997 10 25,000 0 0.260 3,268,753 4 1 CM 12-24-1997 10 5,500 0 0.310 3,274,253 4 1 WT 12-24-1997 0 71 83,500 0.000 0
Regards, Dan Byrne |
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To: burner who wrote (29) | 1/26/1998 9:17:00 AM | From: John Soileau | | |
Thanks Dan. Got my eye on this one, the activity might mean something...or nothing. Time will tell. What do you think of the Mexican mine tailings? I've seen old tailings used as "promo fodder" by other companies in the past and so am automatically dubious. Seems they got into this real cheap, but yet it's supposed to be real valuable. Needless to say I haven't warmed up to that venture yet--show me. But the Mac deposit I still like and hope to be hearing from soon. John |
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