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Gold/Mining/Energy : Royal Oak-RYO

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To: Bobby Yellin who wrote ()	12/24/1998 9:43:00 AM
From: dan pearson	Read Replies (1) of 1706

Some News... December 23, 1998 Royal Oak downgraded after debt payment halt TORONTO (CP) -- Standard and Poor's lowered credit ratings for Royal Oak Mines Inc. on Wednesday after the miner halted payments on more than $320 million US in debt. Royal Oak, hurt by low prices for gold and copper, is also appealing to creditors for a restructuring that would ease its financial burdens, while it defers interest and principal payments on its debt until Feb. 15. canoe.ca ...dkp... geocities.com

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