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Gold/Mining/Energy : American International Petroleum Corp

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To: NoMoney who wrote (3184)10/7/1997 12:14:00 PM
From: NoMoney   of 11888
 
JUST A REMINDER TO ALL OF PREVIOUS NEWS RELATED TO this one!

NEW YORK--(BUSINESS WIRE)--July 31, 1997--American International

Petroleum Corp. (NASDAQ NMS: AIPN.O), announced today that it has

closed on the purchase of its 70% interest in MED Shipping Usturt

Petroleum Company (MSUP) by paying $300,000 in cash, 1.45 million

shares and 500,000 warrants to purchase the company's stock at

$2/share. Of these shares and warrants, MED received 725,000 shares

and 250,000 warrants to purchase the company's stock at $2/share and

Enterdynamics received 725,000 shares and 250,000 warrants to

purchase the company's stock at $2/share. Dank received cash, An

additional 1.5 million shares will be issued to MED and Enterdynamic

should the stock trade above $5/share for five consecutive trading

days.

IMO now that everyone has their piece of the proverbial pie that it is not too long before lift-off!

Peace, NoMoney
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