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Gold/Mining/Energy : kazakstan goldfields symbol kgfc

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To: roger fontaine who wrote (295)	10/8/1997 2:24:00 PM
From: Jesse	of 367

Thanx Roger. Hmmm. Are you sure about WWS? Here's a PR of Dec/96: Proposed business combination cancelled Kazakstan Goldfields Corp KGFC Shares issued 31776257 1996-12-19 close $0.8 Friday Dec 20 1996 See World Wide Minerals Ltd (WWS) News Release Messrs J. Wade, C.G. Pitcher and J.A. Hansuld report World Wide Minerals, Kazakstan Goldfields and Central Asia Goldfields have agreed to cancel the proposed business combination of World Wide and Kazakstan Goldfields. In addition, World Wide will not purchase the stake in Kazakstan Goldfields held by Central Asia Goldfields, or that company's interest in the Gold Pool JV. World Wide is engaged in uranium mining, processing and marketing from the Kazakstan operations of its 95% subsidiary, KazUran Corp, and in gold exploration in China and the US. Kazakstan Goldfields, through Gold Pool, operates three gold mines in Kazakstan and conducts gold exploration in that country. The strategy that had spawned the proposal for the business combination was to establish a larger critical mass in Kazakstan so as to maximize the opportunities presented to both World Wide and Kazakstan Goldfields. Both companies have agreed to explore methods of exploiting the synergies between them without proceeding with a full business combination. World Wide operates a large electric power station which has surplus capacity which could provide sustainable electric power to the Gold Pool gold mining operation. World Wide has a gold refinery capable of being modified to process Gold Pool's future dore gold production. Kazakstan Goldfields would finance any modifications required to process its production. (c) Copyright 1997 Canjex Publishing Ltd. ----------------- I'm away from all my annual reports, etc. -J

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