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Gold/Mining/Energy : Gold Win Ventures - GWV.V
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To: Nikole Wollerstein who wrote (7)6/3/1997 5:09:00 PM
From: steamer   of 20
 
Nikita, here is Gold Win's press release

Cyclone contract terminated; private placement not proceeding

Gold Win Ventures Inc GWV
Shares issued 4,573,000 Jun 2 close $0.78
Tue 3 Jun 97 News Release
Mr Souhail Farrage reports
It has been brought to the attention of the company by the VSE, that Ben
Traub published a newsletter featuring the company dated May 5 1997. The
company confirms that it has had a contractual relationship with the
Cyclone Financing Group of which the company understands Ben Traub is the
president. The existing contractual arrangements were arrived at on a
verbal basis on or about the beginning of February 1997 and was solely on
the basis that Cyclone would be retained for specific one-off services and
not for any continuing investor relations. The company has terminated the
contract with Cyclone.
The company has withdrawn its VSE filing with regard to the stock options
that were announced as having been granted by way of its press releases
dated January 28 1997 and February 3 1997. Subject to regulatory
acceptance, the company has granted stock options to directors and
employees of the company for 469,803 at a price of $0.77 exercisable up to
and including June 2 1999.
Further to news in Stockwatch February 18 1997 and April 16 1997, the
company will not be proceeding with the private placement of 530,303
Special warrants. Management expects to have an alternative financing
arranged in due course to carry out the planned exploration program on the
Yeti claims.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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