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Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY)
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To: Buckey who wrote (210)4/17/1999 9:29:00 PM
From: crgreen  Read Replies (1) of 5887
 
Hello Buckey John and all:

Although this isn't a bottom 'bounce' I'll throw it out for your
consideration.
EME-A has traded at approx. 2.5 cents for the past year with little or no volume and on Friday it doubles to 5 cents on 1.6 million shares.
The following press release came out Friday seeking price protection
for future options @ 10 cents (if anyone has any comments on the
implications of the release it would be appreciated)
Note that former Newfoundland Premier Brian Peckford is president
of the company.
This is not a recomendation as it is basically all I know about the
company and I did take a small position on Friday based strictly on
volume.


Canadian Company Press Release

EME 1999-04-16 (provided courtesy of Canadian Corporate News.)
register to receive future releases by email from CCN

Eastern Meridian Mining Corporation Update

VANCOUVER, BRITISH COLUMBIA--Eastern Meridian Mining Corporation
gives notice that pursuant to The Alberta Stock Exchange's
Circular No. 6, at Section 1.2, it will be making application to
The Alberta Stock Exchange seeking price protection to permit the
granting of stock options to its Directors, officers and
consultants to acquire up to 2,250,000 common shares of the
Corporation at an exercise price of $0.10 per share. This price
was determined by reference to the trading price of the
Corporation's common shares on the Alberta Stock Exchange less the
permissible discount.

The proposed granting of these options is subject to regulatory
approval and the Corporation will have 14 days after the issuance
of this Press Release to submit its formal notice of the proposed
granting of these options to the Alberta Stock Exchange.

Eastern Meridian Mining Corporation

Hon. A. Brian Peckford, President



Good luck
CGreen
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