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Gold/Mining/Energy : primero resources v.pmi

PMI 1.663

-1.0%

Jan 12 3:59 PM EST

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To: jerry janko who wrote ()	3/5/1999 4:51:00 PM
From: jerry janko	of 71

Primero makes assignment into bankruptcy Primero Industries Ltd PMI Shares issued 9,286,448 Mar 3 close $0.03 Fri 5 Mar 99 News Release Mr. Jonathan George reports: The company announces that it has made an assignment into bankruptcy in order to resolve and quantify claims to various creditors. After all claims are settled, the company intends to reorganize its affairs, which may include settlement of debt for shares, a share consolidation, change of business, and new acquisitions and financings, subject to all requisite regulatory and shareholder approvals. Management will update shareholders on a timely basis as the reorganization progresses. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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