Here is all of it:
Thursday May 8 3:30 PM EDT
Company Press Release
Solv-Ex Corp. responds to false publicity regarding SEC
visit to Alberta plant
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--May 8, 1997--Solv-Ex Corp.
(NASDAQ:SOLV) said that statements attributed to staff members of the U.S. Securities and
Exchange Commission in a May 7, 1997 article in the Edmonton Sun are false.
The company reported that it has spoken directly with the SEC staff members to whom statements
were attributed by a union official. In response, the SEC staff denied making the comments the
article attributed to them.
Solv-Ex said that the SEC staff members, along with two representatives of the British Serious
Fraud Office visited its Alberta oil sands plant at the company's invitation on Tuesday, May 7.
Solv-Ex reported that it has requested the SEC to take independent action to correct the false
information and to clarify the scope of its investigation.
Solv-Ex has been advised that the SEC investigation relates to the manipulation in Solv-Ex stock in
the NASDAQ over-the-counter market; Solv-Ex has provided the investigators with a significant
amount of information pointing responsibility for the manipulation to certain New York-based
broker-dealers.
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More news for referenced ticker symbols: SOLV, and related industries: chemicals, environmental,
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