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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana)
TRR 17.550.0%Jul 5 5:00 PM EST
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To: John Fairchild who wrote (608)12/11/1998 8:09:00 PM
From: Natedog  Read Replies (1) of 659
 
Shares for debt

TNR Resources Ltd TRR
Shares issued 3,914,788 Dec 11 close $0.39
Fri 11 Dec 98 News Release
Mr. Brian E. Bayley reports
Pursuant to a shares for debt arrangement with TNR Resources. Quest
Ventures Ltd. has acquired 1,176,470 shares of TNR in lieu of payment of
certain outstanding debt owed by TNR to Quest. The issuance of the shares
for debt, together with 150,000 shares and on conversion of 150,000
warrants of TNR that Quest already holds, brings Quest's shareholdings of
TNR to 1,476,470 shares or 18.6 per cent of the total issued and
outstanding shares of TNR.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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