Canuc Resources Inc. Message Board

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Gold/Mining/Energy : Canuc Resources Inc.

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To: Ron Schier who wrote (153)	8/15/1997 10:15:00 AM
From: Ron Schier	of 176

wish I knew what Placer Dome was going to do with CANUC Subject: HUNTER-DICKINSON GOLD MANAGEMENT GROUP \| Previous \| Next \| Respond \| Remove Navigation To: glen (36 ) From: Kevin F. Durkin Jul 15 1997 5:01AM EST Reply #37 of 41 Excerpt from Placer Dome meeting He added that a recent corporate reorganization will raise priorities in areas essential to Placer Dome's next phase of growth internationally. Placer Dome is increasing its focus on acquisitions and providing greater emphasis on business development while continuing its well-funded and disciplined global exploration programme. ``With about $300 million in cash, $800 million in unused lines of credit, and strong operating cash flow we have more than $1 billion in liquidity to conduct our growth strategy. In spite of low gold prices, credit rating agencies recently maintained their triple B investment grade rating for Placer Dome.''

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