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Gold/Mining/Energy : Silver Peak Resourses SVV,V
SVV 9.210-30.4%Oct 31 9:30 AM EST

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To: DR. who wrote (261)5/22/1998 3:36:00 PM
From: Jim Bishop  Read Replies (1) of 284
 
Sorry DR, but before I jump into SVV I do have a couple more questions for you.

- The SVV web site shows a Duncan McKay as Director Corporate Development. Is this old? Is this a title that is not related to being a director of the company?

- Employee incentive stock options for directors and employees were announced in a news release June 12/97, 960,000 shares. Did/does Duncan McKay qualify for those incentives? What was/is the exercise price?

- Stockwatch shows a Duncan McKay bought a conertible instrument in SVV in May of 1997. Can you shed any light on that one? Is this the 3 year $1,500,000 convertible debenture at 6% paid annually and convertible into units at a price of .60 per unit in the first year, .65 in the second year (to Jan 6, 1999), and .70 in the third year (to Jan 6,2000)?

Regards,

Jim
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