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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

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To: Brian Gerbozy who wrote (1225)10/12/1999 10:39:00 AM
From: The Lone Ranger  Read Replies (1) of 1348
 
Globe says creditors to advertise Keno Hill assets

United Keno Hill Mines Ltd UKH
Shares issued 35,964,954 Oct 8 close $0.10
Tue 12 Oct 99 In the News
The Globe and Mail reports in its Saturday, Oct. 9, edition that creditors
owed $1.6-million have obtained the approval of the Supreme Court of the
Yukon Territory to advertise for sale the silver and zinc mining assets
owned by United Keno Hill Mines. The Globe's News Bulletins column reports
that the action is being taken under the Miners' Lien Act. Some of the
debts have been outstanding for more than two years, says The Globe. The
sale of the assets is subject to court approval. United Keno has retained
Corinth Capital of Toronto to arrange the financing needed to reactivate
the mines. At June 30, 1998, the company had cash of $152,000 representing
the current assets and current liabilities of $7.6-million.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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