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Gold/Mining/Energy : mxp (mesa Inc)
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To: George Mc Geary who wrote (235)4/7/1997 11:56:00 AM
From: Bryan Arnold   of 394
 
The preferred stock conversion is 1.25 shares of the new company common stock for every seven owned of Mesa's preferred stock or it is one new preferred stock of the new company for every seven shares owned of Mesa's preferred.

Bryan
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