Aspen Group Resources (ASRPF)

[Amaunet]

There is a good chance Cudney probably helped put together this Guyana Goldfields’ financing which utilizes Canaccord Capital Corporation. Guyana being another Northfield company which happens to share the same address.

I show Cudney associated with Dundee, Jones, Gable and now possibly Canaccord.

While getting financing is a bad problem that plagues many of the junior oil and gas companies, I don’t feel that Aspen as part of the Northfield stable will be hampered as much in that area.

We seem to be better connected and we do have an advantage.

Question is will our new management team be able to move the share price up and override any dilution? IMO, Am





Guyana Goldfields Inc. Financing July 31, 2003
Thursday July 31, 11:54 am ET


TORONTO, ONTARIO--Guyana Goldfields reports that certain individual shareholders of the Company have arranged a sale of 599,055 shares of the Company at $0.45 through the facilities of the TSX Venture Exchange. The proceeds from this sale will be used to fund the Company's financing announced July 30, 2003 (the "Financing").

In connection with the Financing, the Company is also pleased to announce that it has granted to Canaccord Capital Corporation an option to increase the maximum number of special warrants to be sold in connection with the Financing to 7,333,333, each priced at $0.45 to raise a maximum gross proceeds of $3,300,000. The minimum number of special warrants to be sold pursuant to the Financing is 3,777,778. Each special warrant is convertible, at no additional cost into one unit comprised of one common share and one-half of one share purchase warrant. Each full warrant will entitle the holder thereof to acquire one additional common share at an exercise price of $0.70 up to eighteen months following the closing. The Company has undertaken to file a prospectus in the offering jurisdictions within 150 days of closing.

Proceeds from the financing will be used to finance the exploration of the Company's Aurora Gold Project, Guyana, South America.



Reference:
Guyana Goldfields Inc - Toronto, ON
www.guygold.com

TSXV: YGI
Guyana is a Canadian based junior exploration company with advanced mineral assets in various stages of development located in Guyana, South America and the Coronation Gulf, Nunavut, Canada. The Company offers investors leverage to high-grade gold through its Peters Mine and Aurora properties in Guyana and exposure to world-class nickel-copper-PGM group projects by way of its 262,500 acre land package in Nunavut, Canada and its recently acquired PGM properties in Guyana. In early 2003, a substantial drilling campaign began with very encouraging results.
http://www.northfieldcapital.com/Holding2.html