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Gold/Mining/Energy : Parkcrest Explorations Ltd. (PKC) Harken (HEC) partner
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To: SnakeInATuxedo who wrote (215)11/23/1998 6:10:00 PM
From: KMTMAN   of 261
 
Under the terms of the purchase agreement entered into between Harken and Parkcrest, Harken will forgive an undisclosed amount of debt owed by Parkcrest relating to these operations and will additionally issue to Parkcrest 1,350,000 shares of Harken's $.01 par value common stock. So PKC erases its debt, gains $5,889,240.00 Canadian dollars in HEC stock, and has an upside participation in HEC. This deal isn't too bad for PKC its's shareholders, and HEC. It is high time that shareholders are givin a fair shake like PKC shareholders have here. My speculative guess is $2.00 for PKC by November 1999.

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