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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: Lilian Debray who wrote (3516)3/13/1999 1:40:00 AM
From: Richard Cushnie  Read Replies (1) of 5206
 
Kensington to purchase Nasdaq shell company

Kensington Resources Ltd KRT
Shares issued 24,670,435 Mar 12 close $0.40
Fri 12 Mar 99 News Release
Mr. David Stone reports
Kensington Resources has entered into a preliminary agreement with the
private client group of a major U.S. brokerage firm to purchase a minimum
of a 95 per cent interest in a shell company listed for trading on the
Nasdaq. Following the completion of the acquisition, the companies will
investigate the option of merging. The transaction is subject to final
negotiation of specific terms including the price, completing due diligence
and and obtaining any necessary regulatory approvals.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

Where the hell did that come from?
INFO please!
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