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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Due Diligence who wrote (1572)5/29/1998 10:30:00 PM
From: jeffrey rainey  Read Replies (2) of 4142
 
Investor Updates / Questions & Answers

We have had several questions regarding the conversion of Warrants into
Common Stock. The following information should be helpful:

WARRANT TERMS: Send 1 (one) warrant and 50 cents per share to purchase 1
(one) share of common stock.

To convert Warrant to Common Shares of Midland, mail Midland Warrants
plus $.50 (50 cents) per share to:

Signature Stock Transfer, Inc.
14675 Dallas Pkwy., Suite 100
Dallas, Texasÿ 75248
Attn: Jason

The Common Shares will be FedEx'd to your enclosed address or broker
within five (5) business days of the receipt of the check and Warrants.
Any questions, please call (972) 788-4193.

------------------------------------------------------------------------

Concerning the Forward Split of Series A Preferred Stock:

Series A Preferred Stock: Shareholders of record holding Series A
Preferred Stock after this market close Friday, May 29, 1998, will
receive 1 (one) additional share of Preferred Stock for every 2 (two)
shares of Preferred they hold or a 33 1/3 Forward Split (Round fractions
up).

Nasdaq has been notified as of close of business Friday, May 29, 1998
and Stockholders will receive their Certificates within 10 (ten)
business days.
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