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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Wayne Rumball who wrote (4041)	6/11/1998 2:58:00 PM
From: P.E. Allen	of 8798

Friday April 17, 3:28 pm Eastern Time Company Press Release SOURCE: Garnet Resources Corporation Garnet Describes Exchange Ratio of Proposed Merger HOUSTON, April 17 /PRNewswire/ -- Aviva Petroleum Inc. and Garnet Resources Corporation announced earlier today that they have signed a Letter of Intent to merge the two companies. For clarification, the exchange ratio in the proposed Merger is expected to be one share of Aviva Common Stock for 10 shares of Garnet Common Stock. Aviva Common Stock is traded on the London Stock Exchange under the symbol ''AVP'' and closed yesterday at 14 pence or $0.2366. Aviva's Depositary Receipts (which represent five shares of Aviva Common Stock) are traded on the American Stock Exchange. Additional information on the proposed merger may be found in the press releases issued earlier today by Garnet and Aviva. SOURCE: Garnet Resources Corporation More Quotes and News: Aviva Petroleum Inc (AMEX:AVV - news) Garnet Resources Corp (OTC BB:GARN - news) Related News Categories: oil/energy

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