FISCHER-WATT TO SELL CONVERTIBLE PREFERRED
<Fischer-Watt Gold Co Inc> said it
intends to raise about five mln dlrs from the private sale of
convertible preferred stock.
    The company said based on successful completion of the
placement, proceeds of which will be used to expand gold and
silver recovery, it hopes to produce 14,000 ounces of gold and
210,000 ounces of silver this year, up from 2,500 and 15,000
respectively last year.
 Reuter
