Check this out.
Pursuant to Amendment No. 2 dated as of March 30, 1998 to the Exploration,
Development and Mine Operating Agreement dated November 20, 1997 between the Company and Sterling Mining LLC and Volcanic Resources, LLC, the Company has agreed that through January 31, 1999 should the Company effect any private placement of shares or issue shares under Regulation S
(other than with respect to the securities described above),
than such shares shall be restricted and limited in trading and transferability such that the shares cannot be freely traded, transferred, sold or assigned on any market or in any manner for a period of one year from the closing date of such transaction. In addition, the Company has agreed that from February 1, 1999 through December 31, 1999, the Company will not effect any transactions involving shares of stock of the Company pursuant to Regulation S.
I do not think they are restricted
Gary |
