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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v)

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To: CLK who wrote (2988)5/2/1999 1:34:00 PM
From: the truth  Read Replies (1) of 3335
 
Epic Oil and Gas Ltd
EAS
Shares issued 15,743,706
1999-04-28 close $0.24
Wednesday Apr 28 1999
by Brent Mudry
Epic Oil and Gas director Val Donovan asserts that David Yue has never
promoted Epic, and the Vancouver stock promoter has no relationship with the
company, other than buying shares in a private placement last fall. "I know nothing
about his activities," says Mr. Donovan. The Epic director notes that he and fellow
board member Frank Donis had no idea about Mr. Yue's gypsy-swap deal with
Caribbean Development (Hawaii) and had never heard of the Honolulu company
before reading a story on Caribbean's suit against Mr. Yue on Tuesday. "It has
nothing to do with us," says Mr. Donovan. Last October, Mr. Yue was the
biggest buyer in an Epic private placement. In its $200,000 suit, Caribbean claims
Mr. Yue reneged on an agreement to transfer 400,000 unrestricted shares to the
Honolulu company.
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