Involvement with Stephen Brown denied
Odessa Petroleum Corp OPC
Shares issued 15,013,254 Nov 18 close $0.05
Thu 19 Nov 98 News Release
Mr. Peter Tsaparas reports
In response to Stockwatch's story concerning a potential connection between
the Odessa Petroleum Corporation and Stephen Scott Brown, (see Stockwatch
Nov. 18, 1998) the company has not had, at any time, any discussions or
dealings with Mr. Brown and the company denies having any involvement with
Mr. Brown.
The company did issue 3,000,000 shares to Tintex Capital Ltd. in 1996
pursuant to an arm's length transaction for an assignment of an option to
purchase up to an 80 per cent interest in an oil and gas licence covering a
900 square kilometre area known as the Belolessky block, which incudes the
East Saraskaya oil field, near Odessa, Ukraine. To the best knowledge of
the company, the principal shareholders and directors of Tintex were Viktor
Dmitriyev and Vonice Parker, who conducted all negotiations and signed all
required documentation on behalf of Tintex. At the time of the acquisition,
the company carried out due diligence investigations concerning the licence
and obtained all possible title assurances.
No funds have been advanced by Tintex to the company at any time.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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