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Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B

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To: don jackson who wrote (121)	10/17/2000 1:13:29 PM
From: PHILLIP FLOTOW	of 123

10/17 12:42P Dia Met Minerals To Seek Bids For Company >DMMA VANCOUVER (Dow Jones)--Dia Met Minerals Ltd. (DMMA) plans to seek bids for the purchase of the company's outstanding shares. In a press release Tuesday, the mining company said its board decided to take this action after having been advised by two shareholders, who together own about a 38% voting and equity interest, that they are willing to entertain offers to sell the shares they own or control. The two shareholders agreed with Dia Met to refrain from selling their shares privately, for a period of time, in order to permit the company to undertake a full bidding process. Dia Met has hired Credit Suisse First Boston Corp. (Z.CSF) as its investment adviser for this process. Dia Met's Class A shares were recently halted at 16.50, down 0.55, in Toronto, while Class B shares were halted at 18.10, down 0.15. Company Web Site: diamet.com -In Kyung Kim; Dow Jones Newswires PHIL

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