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Gold/Mining/Energy : Winspear Resources
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To: Tony from Niagara who wrote (16236)3/20/1999 9:06:00 PM
From: teevee  Read Replies (1) of 26850
 
Tony,

<<What is not yet stated by WSP (at least publicly although it was abstractly alluded to in my discussions with Ms. Turner of WSP at PDAC) is that the 1/8 offering of shares in NewCo will afford an opportunity for (or require) a significant private placement to provide an sufficient treasury for initial exploration of its properties.>>>>

Alow me to translate: We insiders of WSP are a tad pissed at having to pay $2.00 in the last Winspear private placement and now the dam stock is at $3.00!!! We should be able to paper ourselves up real good by purchasing at least 25% of Newco at $1.00 or less in a private placement to ourselves and a few select insiders after our Winspear shareholders approve newco.

I would prefer a rights offering to all shasreholders.

regards,
teevee
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