St. Genevieve Resources (SGV.T & SGV.M) Message Board

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Gold/Mining/Energy : St. Genevieve Resources (SGV.T & SGV.M)

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To: Mr Stock who wrote (77)	11/27/1997 6:10:00 PM
From: GOLDIGER	of 140

GOOD LUCK STOCK, I HOPE YOU DIDN'T BUY TO MUCH. Emerging Africa Gold (EAG) Inc - $14.87m St Genevieve debt Emerging Africa Gold (EAG) Inc EAGI Shares issued 20805115 1997-11-26 close $0.07 Thursday Nov 27 1997 Mr Guy Riopel reports In light of the filing for protection under the Companies Creditors Arrangement Act by various members of the St Genevieve Group of companies earlier today, Emerging Africa considers it material to announce that St Genevieve is indebted towards EAG for $14,874,000 as a result of unauthorized borrowings. The final disposition of this claim will be governed by the proceeds under such act. However, EAG wishes to stress that it nonetheless remains current in its liabilities and has a positive cash position. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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