PRTI Message Board - Msg: 2414029

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Gold/Mining/Energy : PRTI

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To: joe j jellison who wrote (196)	10/10/1997 4:33:00 PM
From: Frank J. Zecha	of 424

LA JOLLA, Calif.--(BUSINESS WIRE)--March 14, 1997--MVP Holdings Inc. (OTC/BB:MVPH) Friday announced that it has completed an agreement accepting its unsolicited offer to acquire the oil and gas operations and certain miscellaneous assets of Phoenix Resources Technologies Inc. (OTC/BB:PRTI) for 4 million shares of MVP Holdings. The shares contain a restricted transfer legend under Rule 144 and certain registration rights after a holding period of one year. MVP shares are currently trading at $3.50 a share. Phoenix reported that the historical cost for the oil and gas operations is $12.7 million. You will have to ask your broker what rule 144 is and what the registration rights are after one year. If they are distributed a note should be sent with them explaining the ristrictions?

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