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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: BUDDY MOYNIHAN who wrote (3499)3/10/1999 9:31:00 AM
From: morrie  Read Replies (1) of 5206
 
Kensington Resources Ltd KRT
Shares issued 23,966,435 Mar 9 close $0.35
Wed 10 Mar 99 In the News
Also Samex Mining Corp (SXG)
The Vancouver Sun reports in its Wednesday edition that United States
investors in a stock scheme orchestrated by former Seventh Day Adventist
pastor Gary Stanhiser have filed lawsuits in California and Washington
state against him and a string of related parties. Reporter David Baines
says that heading the list of defendants in both actions is Vancouver-based
Canaccord Capital, which allegedly helped Mr. Stanhiser funnel investors'
money to offshore companies for reinvestment in public companies, most
listed on the Vancouver Stock Exchange. The plaintiffs claim they did not
receive their shares or recover their money, and they are suing for fraud,
breach of contract, breach of fiduciary duty and violation of the Racketeer
Influenced and Corrupt Organization Act, commonly know as the RICO Act. The
investors' money was pooled and used to buy large blocks of stock in
Kensington Resources, Samex Mining, IMA Resource, Golden Hat Resources and
other companies.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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