FINANCINGS (May 11, 1998)

Cimarron Minerals (CIU-V) has arranged a brokered private placement of 2 million special warrants at 32cents each, for gross proceeds of $640,000.

Each special warrant is exchangeable for one share and a half warrant, with each full warrant entitling the purchase of an additional share at 40cents for two years

Iamgold (IMG-T) has completed an offering of 9.26 million shares at $5.40 per share for proceeds of $50 million.

Marzen Holdings, a private company controlled by Iamgold’s co-chairman, Mark Nathanson, sold 1 million of the shares and now owns 14 million shares of Iamgold.

Energold Mining (EGD-V) has arranged a $1-million non-brokered private placement of 2 million units at 50cents.

Each unit consists of one share and one warrant entitling the purchase of an additional share at 70cents for one year.

Pure Gold Minerals (pug-t) has closed a shareholders rights offering for gross proceeds of nearly $1.8 million.

The company has issued just under 1.8 million shares and 883,491 Series D warrants exercisable at $1.25 per share until Oct. 9. The warrants are transferable on the Canadian Dealing Network and will be quoted under the symbol pugr.wt.d.