AOW, Arrowhead Mineral Corp Message Board

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Gold/Mining/Energy : AOW, Arrowhead Mineral Corp

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To: LowtherAcademy who wrote (93)	9/4/1999 3:04:00 PM
From: LowtherAcademy	of 193

Here's AOW's Board of Directors assessment of the Deal of the Century that Allan inked with Pannonian: Message 11161709 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. Oh, by the way, the Restraining order issued on Aug 30th in Wy. specifically names Mark Jarvis along with Arrowhead Resources (USA)ltd., Arrowhead Minerals Corp., Ultra Petroleum (USA)Inc., and Ultra Petroleum Corp.

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