Argentina Gold Private Placement With Newmont Mining Corp. Closed For Gross Proceeds of C$5 Million.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Oct. 28, 1998-- Argentina Gold Corp. (VSE See DOS/VSE. VSE - Virtual Storage Extended :ARP) (the "Company") is pleased to announce that the private placement of 2,550,000 shares in the capital stock of the Company with Newmont Mining Newmont Mining Corporation NYSE: NEM, based in Denver, Colorado, USA, is one of the world's largest producers of gold, with active mines in, Nevada, Indonesia, Australia/New Zealand, Ghana, and Peru. Some smaller operations include Bolivia, Mexico, and Canada. Corp, previously announced on October 20, 1998, has closed for gross proceeds of C$5 million. The Company has received regulatory acceptance of the placement and the shares have now been issued to Newmont. The proceeds from the private placement will provide Argentina Gold Corp. with working capital to fund the drilling program currently being carried out at the Veladero property in San Juan San Juan, city, Argentina San Juan (săn wän, Span. sän hwän), city (1991 pop. 353,476), capital of San Juan prov., W Argentina. It is a commercial and industrial center in an agricultural region. province, Argentina. Argentina Gold is the operator of the Veladero project holding a 60 percent interest. Barrick Gold Barrick Gold Corporation TSX: ABX NYSE: ABX is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Corp. holds the remaining 40 percent. Please visit our web site for maps and detailed information on the Veladero targets. The web site address is www.argentinagold.com. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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