Pallaum Minerals (ASE:PLM) Message Board

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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM)

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To: Peter J Smit who wrote ()	3/28/1997 12:27:00 AM
From: barryk	of 536

News Release Subject: Stockwatch: Pallaum Minerals Ltd - News Release Date: Thu, 27 Mar 1997 13:51:45 -0800 From: newsout@canada-stockwatch.com To: barryk Lawsuit filed Pallaum Minerals Ltd PLM Shares issued 9,870,905 Mar 26 close $1.19 Thu 27 Mar 97 News Release Mr Stanley Ford reports The company is the subject of a lawsuit commenced by Mr Frank Crerie of Scottsdale, Arizona for delivery of 286,547 shares of the company. Mr Crerie originally commenced an action in October 1995 against Mr Stanley R. Ford, president of the company, for delivery of 286,547 shares of the company. Subsequently, Mr Crerie issued a petition in March 1996 for an order that the company rectify its share register to show him as the owner of the shares of Pallaum Minerals. As a result of a statement of claim filed February 25 1997, Mr Crerie now seeks 286,547 shares from the company and damages. He seeks a declaration that he is the owner of such shares and an order requiring the company to issue the shares. The company is of the view that the action against it is without merit and intends to vigorously defend against the claim advanced by Mr Crerie. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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