Everyone on the Thread,
William's latest press release,
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NEWS RELEASE
WILLIAM RESOURCES INC.
390 Bay Street, Suite 2008
Toronto, Ontario M5H 2Y2 April 2, 1998
Internet Address williamres.com
E-mail Address: info@williamres.com
Trading Symbol TSE - WIM
WILLIAM SELLS ITS ECU SHARES
William Resources Inc. ("William") has entered into an agreement with Global Equities S.A., to sell 14.9 million shares of ECU Gold Mining Inc. ("ECU") and half of its 30% net profits interest (the "NPI") in ECU's silver project in Velarde¤a, Mexico for Cdn.$2,000,000.
William has also entered into an agreement with ECU to exchange the remaining half of the NPI for 5,000,000 warrants of ECU. The warrants will be exercisable for a five year period for the same number of common shares at a purchase price of Cdn.$0.30 per share.
It is expected that the transactions will be completed on or before May 19, 1998 and are subject to receipt of regulatory approvals.
William is an intermediate gold mining company listed on The Toronto Stock Exchange (symbol TSE: WIM). Its wholly-owned gold mines include Bj'rkdal in Sweden, Jacobina in Brazil and Pahtavaara in Finland. Bj'rkdal is Europe's largest gold mine. William also provides engineering and contracting services to the international mining industry through the BLM Service Group.
Contact: Stan Bharti, President or
George Faught, Senior Vice President, Finance
Brad Humphrey, Corporate Analyst
Tel: (416) 861-9500
Fax: (416) 861-8165
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Thank you all for your interest,
Brad Humphrey
William Resources Inc. |
