United Keno Hill, UKH, Toronto**** Opportunity Knocks! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alan Whirlwind who wrote (1316)	11/8/2000 1:34:38 AM
From: Harry K	Read Replies (1) of 1348

Received this news brief from a reliable source up in the area: Investors don’t seem to be reacting with much enthusiasm to a plan to restart operations at the United Keno Hill silver mine near Elsa. Yesterday United Keno announced a $6.5 million cash infusion to pay off its creditors. Secured creditors will be paid out in full while unsecured creditors stand to take home about 30 cents on the dollar under the deal. The company also says it has investors willing to put up millions more needed to restart the mine but investors paid little attention to the announcement yesterday. About 70,000 shares of United Keno stock changed hands yesterday pushing the price up by a penny from a nickel to 6 cents. The company creditors still have the final say on the deal. They’ll vote on December 1st if they’ll accept United Keno’s offer to settle its debts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next