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Gold/Mining/Energy : CDN. Oil/Gas Cos. - Shareholder Maximization
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To: Richard Saunders who started this subject3/18/2001 5:45:57 PM
From: Richard Saunders  Read Replies (1) of 56
 
AGW-cdnx Argonauts Group
newswire.ca

CALGARY, March 9 /CNW/ -

ENGAGEMENT OF FINANCIAL ADVISORS
The Board of Directors of Argonauts Group Ltd. ("AGW") is pleased to
report that Collins Barrow Securities Inc. has been engaged as exclusive
advisor in an effort to maximize shareholder value through the sale of the
corporate entity. It is anticipated marketing materials, offering circulars
and data room materials will be available mid March. Those parties interested
in receiving offering information are invited to contact Darryl Derouin at CB
Securities Inc. 403-298-1515, dderouin@cbsecurities.com or visit
www.cbsecurities.com.

CORPORATE UPDATE
AGW reports that recent activities have been focused on exploration
projects located at Hotchkiss, Open Creek, Spirit River and Ewing Lake. The
initial exploratory well at Hotchkiss has been drilled and abandoned. AGW
continues to evaluate its interest in earned lands and expects future
exploratory drilling at Hotchkiss. The initial exploratory well at Open Creek
has been drilled and cased as a potential Pekisko and Nordegg gas well.
Further analysis and development is required to determine the economic
viability of the project. The initial exploratory well at Spirit River was
spudded earlier this week. The exploratory well at Ewing Lake is expected to
be drilled after break up.
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