ASHTON MINING OF CANADA (ACA) Message Board

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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA)

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To: Leon Stadnyk who wrote (1949)	8/21/1997 11:56:00 AM
From: LaFayette555	of 7966

Ashton Australia does not whant to reduce their percentage in ACA, so they are raising $ trough a rights offering, like banks are fond of doing. Notice Ashton Australia will pick up all shares that are not tendered for, so might in fact increase their stake in ACA. I guess they did not file a prospectus in the Maritimes, NWT and US so shareholders over there will not participate. My guess is Ashton Australia will be picking up most of the rights offered for sale by Montreal Trust on behalf of these shareholders. The Australians must feel they are on to something good and are carefull to maintain, even increase their % in ACA. All in all a great deal for shareholders that are allowed to participate.

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