High River funding

Inco Gold, a unit of Inco (TSE), recently purchased 995,985 flow- through shares of High River Gold Mines (VSE), pursuant to the exercise of the same number of flow- through warrants issued last year to Inco. The warrants were exercised at $1.57 per share. The proceeds, totalling almost $1.6 million, will go toward exploration work at the Nor-Acme gold project at Snow Lake, Man., where Inco Gold, the operator, may earn a 50% interest.