New Blue Ribbon Resources Ltd (NBL.V was BLO) Message Board

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Gold/Mining/Energy : New Blue Ribbon Resources Ltd (NBL.V was BLO)

NBL 8.460

0.0%

Oct 6 5:00 PM EST

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To: GWalker who wrote (85)	12/12/1996 3:20:00 PM
From: GWalker	of 407

Weird news release but good news should be coming soon December 10, 1996 Form 23 Intent to Sell BLUE RIBBON RESOURCES LTD. ("BLO") - Form 23 - Intent to Sell A Form 23 dated December 10, 1996, as required by the Securities Rule, has been filed with the Exchange. Waverley Mining Finance PLC intends to distribute up to 500,000 shares of the Company through the facilities of the Vancouver Stock Exchange, from its holdings of a Control Person commencing December 17, 1996. __________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call 1-800-667-1617 This release processed by Canstock at 14:59:05 Pacific Time This release is basically saying that Waverley will be selling 500K to some other party. These shares will not be brought to the market. This move on its own means nothing as it will just be shifting of shares from one pocket to another I spoke with Robert Mathews about this as Martin was unavailable and this little move seems to part of a larger plan for financing.He couldn't really tell me anything cause it is not public but another release should be out shortly. This move is going to start on December 17th. so we should find out what is at least by that time. I hope... Can someone give Martyn Element a call at 1-800-505-5655, and see if they can get other details or clairification. Yours hoping good news is around the corner, Graham

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