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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock

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To: Infodine Systems who wrote ()12/11/1998 6:13:00 PM
From: Gene Veinotte   of 2011
 
Sale of Undertaking

The shareholders are being asked, in accordance with the requirements of the Company Act (British Columbia),
to grant authority to the Directors to sell all or substantilly all of the assets of the Company. This authority is
being requested by management so that Management have as much flexibility as possible in restructuring the
Company. In particular, Management are considering all avenues to increase shareholder values which may
include the sale of existing assets for proceeds that can be applied against outstanding liabilities and reserved for
future acquisitions, whether in the oil and gas industry or elsewhere. Any sale transaction is expected to be arms
length, with Management seeking the maximum consideration possible, and all such transactions will be subject
to regulatory approvals.
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