AOW, Arrowhead Mineral Corp Message Board

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Gold/Mining/Energy : AOW, Arrowhead Mineral Corp

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To: lostmymoney who wrote (90)	9/1/1999 5:27:00 PM
From: Traveling Man	of 193

Mike, This appears to me to be a clear cut case of the party that had negotiated with AOW's past President wanting something they are not entitled to. I don't have much concern with this one. Seems like lots of people now a days want something for nothing. TM August 30, 1999 Company faces lawsuit A lawsuit has been filed in the state of Wyoming in an attempt to bind Arrowhead Minerals Corp. and its subsidiaries to an alleged agreement involving all of its oil and gas properties that was negotiated by its former President. The alleged agreement was expressly conditioned on the approval of the Board and the approval of the Vancouver Stock Exchange, neither of which approvals has been received. The Board rejected the proposed agreement on the basis of poor commercial terms and for other good business reasons. An injunction hearing date has been set for September 17, 1999. Management is of the opinion that the suit is without merit and the Company intends to vigorously defend its position. On behalf of the Board,

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