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Gold/Mining/Energy : DIAMONDWORKS DMW.v

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To: VisionsOfSugarplums who wrote (242)	2/1/1999 9:43:00 AM
From: Wizzer	Read Replies (1) of 413

Globe says OSC suspends trading on DiamondWorks DiamondWorks Ltd DMW Shares issued 95,490,979 Jan 28 close $0.30 Mon 1 Feb 99 In the News The Globe and Mail reports in its Saturday, Jan. 30, 1999 edition that the Ontario Securities Commission Friday issued a cease trade order in the shares of DiamondWorks following an unusual runup in the Vancouver company's stock price. The Globe's Peter Kennedy and Allan Robinson write that the OSC says it imposed the order "pending clarification of the affairs of the company." The OSC says the action was taken because of a "confidential disclosure" DiamondWorks made to the OSC. The 15-day OSC cease trade, which came late in the day, followed a temporary halt put on the shares at the outset of the day's trading by the Toronto Stock Exchange. Neither the OSC nor the company would say if the order is connected to rumoured positive developments related to a recent hostage taking at the company's Angola mine. DiamondWorks did say however the undisclosed news was not bad news. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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