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Gold/Mining/Energy : Winspear Resources

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To: Lilian Debray who wrote (17186)	3/30/1999 10:00:00 PM
From: Gord Bolton	of 26850

Lilian, each shareholder will emerge from the spin off with the same percentage ownership of both companies as they had in one before. The minute that the shares are trading the Market will determine the share price of all trading shares. My own prediction is that the market will give more for the two separate than together. But we will both have to wait and see. I see no hint of unfairness in this for the shareholders nor any impropriety. All shareholders will have an opportunity to vote on the issue and I expect that it will be enthusiastically endorsed. Diamonex will start trading with about 5 million shares fully diluted as opposed to 40 million if each share was split into 1 Winspear and 1 Diamondex. I still like the name Big Rock Resources myself.

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