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Warrants Alert

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Warrant Symbol - PAX.WT
Number  Trading - 1,000,000
Expiration Date -
Cusip - 697932 11 9

Warrants called to trade news:
1997-05-29 16:57 MT - EOP Completed

Offering date:  May 15 1997
Trade date:  May 30 1997
Expiry date:  July 31 1997
Offering:  1,000,000 units. Each unit consists of one share and one warrant.
Price:  $0.40
Wt exercise price:  $0.40 per share for six months
Agent:  Union Securities
Agent's Wt:  For 250,000 shares at $0.40 for six months
Directors:  Tba
Capitalization:  2,582,000 shares issued
Trading symbol:  PAX
Security No:  526194
Cusip No:  697932 10 1
Wt capitalization:  1,000,000 warrants issued
Wt trading symbol:  PAX.WT
Wt security No:  907807
Wt Cusip No:  697932 11 9
Unit trading symbol:  PAX.UN
Unit security No:  864524
Unit Cusip No:  697932 20 0

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