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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE)

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To: Speirs, Robert who wrote ()6/13/2000 9:13:00 PM
From: bully   of 1321
 

International Wayside Gold Mines Ltd IWA
Shares issued 37,963,497 May 10 close $2.04
Tue 13 Jun 2000 Miscellaneous
Further to the Canadian Venture Exchange bulletin in Stockwatch May 19,
2000, the exchange provides the following update with respect to the status
of the trading halt in the shares of International Wayside Gold Mines Ltd.
The exchange has been in contact with the company on a regular basis since
the initiation of the trading halt, and has extensively discussed with the
company the nature of the issues and concerns identified by the exchange.
The exchange is working with the company to resolve these issues so that
trading may resume. Unresolved issues include the company's projections of
economic viability of its current inferred resource, the mining expertise
of management, and the company's investor relations and disclosure
practices. The exchange is currently waiting for a status report from the
company on the implementation of corrective measures. Once received, this
information will be assessed to determine if the company has made
sufficient progress to warrant a resumption of trading.
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