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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation
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To: Ga Bard who wrote (2262)12/6/1999 11:54:00 AM
From: Qone0  Read Replies (1) of 2392
 
Gary, just got off the phone with the SEC compliance division at Paine Webber.

A 504 offering must be closed out at the time a OTC company files the form 10. It can no longer use a 504 offering to raise capital with after they file the form 10.

The Jan 6 date has nothing to do with the quoting of a OTC company. All they have to do is close out any 504's and file the form 10. So any 504 issued after the JAN 6 date should not be a problem for OTC companies to be quoted on the OTC.

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