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Gold/Mining/Energy : SSRIF Silver Standard Resources
SSO 112.64-2.2%Nov 6 4:00 PM EST

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To: Charles Grafton who wrote ()2/12/1998 12:44:00 AM
From: philv  Read Replies (2) of 403
 
Silver Standard Chosen by Fidelity - now owns 10.44%

Fidelity purchases stock and warrants


Silver Standard Resources Inc SSO
Shares issued 15,320,797 Feb 10 close $6.40
Wed 11 Feb 98

News Release

Ms Heather Whyte of Fidelity Management reports. Certain open-end investment companies of which Fidelity Management & Research Company serves as investment manager have in recent transactions
purchased Silver Standard Resources common stock and warrants. Assuming conversion of the warrants, the investment companies hold 10.44% of the issued and outstanding voting securities of Standard Resources. Fidelity fund purchases have been made for investment; the Fidelity funds may, subject to market conditions, make additional investments in or dispositions of securities of Standard Resources in the future, including additional purchases of both the warrants and common stock. FMR does not, however, intend to acquire 20% of any class of the outstanding voting or equity securities of Standard Resources.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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