Winspear Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Clifford A. Brown who wrote (16031)	3/18/1999 1:16:00 PM
From: .Trev	Read Replies (2) of 26850

Hi Private Placements are tough because of the regulations on Minimum size and who's who etc. However The idea seems brilliant to me and I for one am going to suggest it to management. The modification I would suggest however is that the financing be done as a rights offering where existing sharegolders are offered the chance to buy an extra share at a fixed price for a certain length of time. The rights can be done in such a way that they have a life of their own for 6 months or so and can trade separately like a derivative . The Insiders if they wish can give themselves a bit of a lift by guaranteeing to pick up and subscribe aby warrants that the other shareholders don't. All kinds of run to be had BTW it seems to me there's a bit more meat in this Globe article than we've had previously. Globe says Aber, Winspear in ownership dispute Winspear Resources Ltd WSP Shares issued 33,721,333 Mar 17 close $3.07 Thu 18 Mar 99 In the News See Aber Resources Ltd (ABZ) In the News The Globe and Mail reports in its Thursday, March 18, edition that Aber Resources and partner Winspear Resources are in a legal dispute that could affect the future ownership of their potentially rich Northwest Territories diamond project. The Globe's News Bulletins column reports that the dispute comes after Aber failed to contribute its share of a $12-million exploration budget earmarked for the companies' Camsell Lake project. Winspear has informed Aber that it failed to make the payment before a deadline set out under a joint venture agreement. Aber says it has taken legal action to prevent Winpsear from diluting Aber's interest in the project to about 16 per cent from the current 32-per-cent level. Winspear currently owns the other 68-per-cent interest in Camsell Lake. Both companies are based in Vancouver, reports the Globe. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next