Cubix Investments - QBX on the CDNX Message Board

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Microcap & Penny Stocks : Cubix Investments - QBX on the CDNX

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To: keith massey who started this subject	5/4/2001 9:40:44 AM
From: Bob Walsh	Read Replies (1) of 135

Cubix to sell interest in Bird Canyon Pipeline Cubix Investments Ltd QBX Shares issued 36,906,491 May 3 close $0.49 Fri 4 May 2001 News Release Mr. Brad Carr reports Cubix Investments and its wholly owned subsidiary, RIS Resources (USA) Inc., have entered into a settlement agreement and related purchase and sale agreement with Western Gas Resources, Inc., and its wholly owned subsidiary, Mountain Gas Resources, Inc. Under the provisions of the agreements, RIS USA has agreed to sell its 50-per-cent interest in the pipeline in Wyoming known as the Bird Canyon Pipeline to Mountain, the owner of the other 50-per-cent interest and the operator of the pipeline. The agreements call for the settlement of all claims and litigation among the parties and will result in a net payment to RIS USA of $5.85-million (U.S.). The foregoing transaction is subject to the approval of the Canadian Venture Exchange.

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