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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE)
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To: jerry janko who wrote (330)7/20/1999 11:32:00 AM
From: jerry janko   of 601
 
Mr. Hugh Ross reports
A total of 9,130,594 common shares of Barra Resources Inc. or 94.9 per
cent, have been tendered pursuant to Gentry's offer to purchase all of the
common shares of Barra. This meets the minimum percentage condition of 90
per cent. Gentry will take up and pay for the shares at a ratio of 0.381
common shares of Gentry for each share of Barra tendered under the offer.
Gentry will elect to acquire the remaining 5.1 per cent of common shares of
Barra by way of the compulsory acquisition provisions of the Alberta
Business Corporations Act.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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