Hello Phillip
Thanks, that would be appreciated.
Also saw this on the wire of a similar ilk.
Lytton Minerals Limited - Litigation settled - new Board of Directors
(TSE/VSE: LTL)
TORONTO, Nov. 16 /CNW/ - Lytton Minerals Limited (the ''Company'')
announces that all litigation brought by Mr. Howard Miller and the Fern Trust
against the Company, certain associated companies and certain directors and
former directors is to be terminated by agreement. Neither the Company nor any
other party has acknowledged or admitted to any liability accruing from the
claims or allegations made in that litigation, and all relevant parties will
be executing mutual releases. To facilitate reaching this agreement and on the
advice of the independent litigation committee of the board of directors that
a resolution of this litigation was in its best interest, the Company has
agreed to pay Mr. Miller's legal costs. The settlement is subject to certain
conditions which must be fulfilled including court approval.
As part of the settlement, at the Company's Annual General Meeting
scheduled for November 16th, 1998, the Company will propose to increase the
size of the board to seven directors. Mr. Miller had circulated an alternate
proxy and information circular which proposed the following directors for
election: Mr. Miller, Mr. Paul Carroll, Mr. Robert Dickson, Mr. Patrick
Lavelle and Mr. Robert Watts. Current directors, Mr. Harry Dobson, Mr. Desmond
Alexander and Mr. Michael Stoner have agreed to withdraw their names for
re-election, such that the directors proposed for election will be the five
named by Mr. Miller together with Mr. John Kearney and Mr. Ray Davies, both
current directors.
The Company looks forward to continuing to build on the success already
achieved in the exploration and development of its Northwest Territories
diamond projects. A diamondiferous kimberlite discovery was recently made in
September 1998, opening up exciting new exploration prospects in the greater
Jericho area. Planning is now underway for further testing of this discovery
and for drilling several new targets in the forthcoming exploration season
commencing in early 1999.
***********
The Alberta Stock Exchange - Trading Halt - New Indigo Resources Inc. - NDR
CALGARY, Nov. 16 /CNW/ - The Alberta Stock Exchange has issued the
following trading halt:
Issuer Name: New Indigo Resources Inc.
ASE Ticker Symbol: NDR
Time of Halt: 13:15
Reason for Halt: Request of Company Pending News
Regards |
