Jersey Petroleum -JPI (was Jersey Goldfields -JRG) Message Board

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Gold/Mining/Energy : Jersey Petroleum -JPI (was Jersey Goldfields -JRG)

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To: Bobby Yellin who wrote (89)	6/26/1998 4:58:00 PM
From: TomKing	Read Replies (1) of 100

JPI.V Update... Tidelands Vend-In/RTO The formal agreement regarding this deal has been signed off on and the submissions are on there way to the regulators. Two subsequent items are now pending delivery to the regulators: 1. The Evaluation Report: Review by independent audit to show that what Tidelands claims to have (privately) can be verified as a confirmed commodity. 2. Shareholder Approval: This will formally be decided at the AGM to be held in Vancouver, August 21st, 1998. Once ratified; the deal will go through. Given this scenario, the stock should be back trading the first or second week of September. The RTO is conditional on a 3:1 consolidation. All in, there will be just under 30 million shares outstanding and the pre-open should happen around .55 cents. That's all for now.Details as they are released. Regards, Tom Corcoran Jersey Petroleum Inc. Corporate Communications 1-800-283-3882

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