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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Goldbug Guru who wrote (3337)12/9/1998 3:22:00 AM
From: waldo  Read Replies (2) of 37507
 
I know of many share holders who own both ARP and BII. On Oct. 20..after extensive DD, I said this about Argentina Gold:

Message 6082963

Yesterday ARP rejected a 5.50 hostile takeover bid by ABX:

Argentina Gold Rejects Barrick's Offer to Purchase All of
the Company's Shares at Cdn$5.50 Per Share

VANCOUVER, BRITISH COLUMBIA--Argentina Gold Corp. (the "Company")
announced today that it was advised by Barrick Gold Corporation
("Barrick") that Barrick intends to make a hostile take-over bid
for all of the outstanding common shares of the Company at a price
of CDN$4.00 per share.

Representatives of Barrick and its financial and legal advisors
attended at the offices of the Company in Vancouver and advised
that Barrick intended to make a hostile take-over bid for the
Company unless definitive agreements were entered into by the
Company and certain of its principal shareholders to support an
offer to be made by Barrick at a price to be agreed upon. To
facilitate the negotiation process, the parties entered into an
agreement which provided for exclusive negotiations and
confidentiality and which expired at 5:00 p.m. (Vancouver time) on
Tuesday, December 8, 1998.

Negotiations took place throughout the day which did not result in
the parties reaching an agreement. The negotiations concluded
with Barrick stating that it would make an offer to purchase all
of the Company's shares at a price of CDN$5.50 per share in cash
if the Company and certain of its principal shareholders entered
into support agreements to be followed by lock-up agreements.

Barrick's offer was rejected. Management expects Barrick to
announce its hostile take-over bid shortly.

Management will continue to have discussions with other interested
parties and is committed to maximizing shareholder value. The
drilling program on the Company's Veladero's Project continues and
the Company expects to be in a position to release further drill
results shortly.

ON BEHALF OF THE BOARD

J. Patricio Jones, President

Looks like there will be a lot of extra cash soon to buy more BII! :>)))

Waldo
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