Westlinks (C.WLX)- FORTY SIMULTANEOUS HOSTILE TAKE-OVERS! Message Board

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Gold/Mining/Energy : Westlinks (C.WLX)- FORTY SIMULTANEOUS HOSTILE TAKE-OVERS!

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To: Hart who wrote (12)	4/16/1999 5:36:00 PM
From: BLZBub	of 15

WESTLINKS RESOURCES LTD. ANNOUNCES UPDATE ON BUSINESS PLAN CALGARY, ALBERTA-- Westlinks Resources Ltd. ("Westlinks") makes the following announcements with respect to its previously announced intention to proceed with simultaneous take-over bids. The initialization of the portfolio was to include certain, currently undervalued, oil and gas company stocks. Contrary to numerous opinions and commentaries, the proposal developed by management was not intended to create a "closed-end" investment company or fund. Given that the portfolio concept has attracted significant positive response both nationally and internationally, Westlinks continues with its belief that there is a degree of market interest for the Westlinks' type of investment vehicle. Westlinks is currently examining the comments released jointly by the Alberta and Ontario Securities Commissions in their news release of April 15, 1999 to identify and separate the structural issues from other factors. In light of these conditions, Westlinks will revisit its strategy to determine the feasibility of moving its business plan forward without reliance upon the previously structured bids but in a manner that is acceptable to all stakeholders. In addition to its ongoing activities as a resource company, Westlinks will continue with its independent research respecting the oil industry. The Company will continue to maintain its proprietary database of oil companies to assist in the identification of investment opportunities. For more information, contact Thomas Bamford, President and Chief Operating Officer by telephone at (403) 261-2686, by fax at (403) 261-2704, via e-mail at investor@westlinks.ab.ca or visit the Corporation's website at www.westlinks.ab.ca. The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein.

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