Merendon Mines.,Gold Manufacturing & Processing facility Message Board

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Gold/Mining/Energy : Merendon Mines.,Gold Manufacturing & Processing facility

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To: Confianza who wrote (28)	3/13/1998 12:51:00 PM
From: Saverio	Read Replies (1) of 40

ASE DD seems to be completed. Following is Merendon's latest update. To Telesis / Merendon Shareholders The Following Update was sent for posting to the Merendon Home Page on March 10th. March 10th update. ú Merendon has shipped all of the auxiliary equipment for the Gold Processing Facility to Tegucigalpa, from Aldergrove B.C. The equipment arrived March 9th and will be assembled by staff from Sando Research Laboratories as soon as power is connected to the Facility in the next few days. ú Sando Research staff are now in Honduras helping to setup the Gold Processing Facility and anticipate commissioning the process in early April. ú Merendon has been subject to ongoing administrative delays in obtaining approval from the Alberta Stock Exchange for the reverse takeover of Telesis Industrial Group, Inc. Merendon has been informed that the exchange has completed the due diligence process and that the ongoing delays are due to scheduling conflicts within the exchange. ú Supplies of native gold continue to be offered to Merendon on a regular basis. However, until the Gold Processing Facility is fully commissioned Merendon will defer any purchases of native gold. ú Closing documents for the reverse takeover have been prepared and are waiting on ASE approval for final signing. In addition to the above site update... Merendon and Telesis are continuing to work on obtaing approval from the ASE. We have been informed that the Listings Officer is now satisfied that he has completed his due diligence and that the file can now proceed to the Filing Committee for review. The date for review by the Filing Committee has not been set and is subject to the availability of the Filing Committee Members, the Listing Officer and the number of files currently ahead of TSl/ Merendon on the agenda for each weekly meeting. Merendon and TSL will attempt to notify all shareholders prior to the re-instatement of trading. A formal announcement will be made over the news services upon approval of the TSL / Merendon reverse takeover. Rod Morris Investor Relations, Merendon Mining Corporation Ltd.

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