Peruvian Gold Ltd. PVO Message Board

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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Taylorm. who wrote (549)	4/28/1998 8:54:00 PM
From: D.M.	Read Replies (2) of 892

Tuesday's Financial Post had a brief article on the breakup of the merger agreement. In it they mention that the B.C. regulators have sided with some big investors in Peruvian who argued the merger should be deemed a reverse takeover and subject to shareholder approval. The main complaints put forth by Bradstone and other unnamed key shareholders was that the deal was basically a financing for Gabriel and they were alarmed Peruvian was about to issue 42 million shares in a transaction that would make Frank Timis the controlling shareholder. One other thing that I noticed, was that Peter Guest resigned as a director of Peruvian, and has now been named president and chief operating officer of Gabriel. Any thoughts. Doug

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