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Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)

TWG 4.095

+3.9%

3:56 PM EST

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To: alan holman who wrote (20)	10/25/1996 11:09:00 PM
From: Ronald P. Margraf Sr.	of 495

Hi Alan, Let me see if I can explain this to you. I will try to make it brief. Now this is the way it was explained to me; All Atlanta shareholders will get 1 in the new company for every 2 shares that they have in the old company (ATLANTA). I myself don't like the deal. I bought into Atlanta for their position in Indon. not Idaho. The man has tried diligently to get me to see the light and the benifiets in accepting this deal, as I told him I'm not convienced that it is a good deal for us. He insists that I get back with him next week so he can convience me that this is good for Atlanta people. I'm glad I'm a holder in both companies. This way I get to see it from both prospectives. I like the VSY thing, but I don't like the Atlanta thing and I told him so. Its late tonight so I don't want to get into the details but I would be glad to get into them tomorrow if you want. Later Ron

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