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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock

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To: Jeff who wrote (1823)3/22/1999 9:41:00 AM
From: Patrick  Read Replies (1) of 2011
 
News

Westrend enters discussions on acquisition of distribution rights

Westrend Natural Gas Inc WRN
Shares issued 25,730,724
Mar 19 close $0.14
Mon 22 Mar 99
News Release
Mr. Stephen Winter reports
The company has entered into preliminary discussions with Majestic Companies, Ltd., a United States based public company, regarding the acquisition by Westrend of the exclusive international distribution rights to Majestic's proprietary school bus passenger restraint system called "Safe-T-Bar". Followup announcements will be made on the outcome of these discussions. Any transaction will be subject to applicable approvals. The company has declared a shares for debt transaction to settle debt of up to $500,000 (U.S.) with its creditors at 15 cents per share. The transaction is also subject to approval.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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