Gold Exploration in West Africa

[FL]

Only Canadians ...

should consider buying low-volume gold mine warrants traded in Toronto, if what I've read is true: that non-Canadians cannot legally exercise the warrants for stock.

See: http://www.preciousmetalswarrants.com

for information on buying warrants. He says don't worry just sell the warrant before the expiration date. Well, that's not so easy for the practically-no-volume warrants. A non-Canadian could get stuck with an impossible warrant towards the end of the excercise period.

Now, I don't really KNOW that foreigners can't exercise Canadian warrants -- I've never seen a law or regulation on the subject. Does anybody here know?

So my previous suggestion of the Avnel Gold warrant (traded on the Toronto Stock Exchange as AVK.W) might be bad for anyone but Canadians.

In fact the whole mining warrants (and "units") phenomenon looks like a trick by those fiendishly clever Canadians to relieve foreigners (including sweet naive Americans) of their money and post-dilution values. Otherwise, why would these "units" (stock with warrant or 1/2 warrant) ever have been invented?

One could raise capital with stock alone...

FL