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Gold/Mining/Energy : Hegco Canada Inc.

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To: Ed Ajootian who wrote (2293)	7/24/2001 1:08:03 PM
From: Gerald Atwater	Read Replies (2) of 2316

News Release: Hegco appoints Sullivan as chairman Hegco Canada Inc HEG Shares issued 46,815,157 Jul 23 close $0.31 Tue 24 Jul 2001 News Release Mr. Douglas Hewitt reports Michael A. Sullivan will join the board of directors as the new chairman of the board. Mr. Sullivan is a nationally recognized businessman based in Ontario, Canada. The company sees his presence and addition to the board as significant. Douglas Hewitt, vacating chairman, said: "Mr. Sullivan is a tremendous asset to this company. I endorse him, his excellence in business and the value he brings to our shareholders. With Mr. Sullivan serving with us, we expect to see monumental progress in all respects to corporate and production growth." The company has received and accepted the resignation of board member David Woolford, effective immediately. Mr. Woolford's resignation will allow Mr. Hewitt to remain on the board as a director. Mr. Woolford will act as a consultant to the board until the next annual meeting. At the annual meeting the board of directors will be enlarged to six members and Mr. Woolford will be nominated to return to the board. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com

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