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Gold/Mining/Energy : primero resources v.pmi

PMI 1.663

-1.0%

Jan 12 3:59 PM EST

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To: jerry janko who wrote ()	5/20/1999 8:51:00 PM
From: jerry janko	of 71

Primero to propose share consolidation and name change Primero Industries Ltd PMI Shares issued 12,191,948 May 5 close $0.02 Thu 20 May 99 News Release Mr. Jonathan George reports: In order to raise new capital, the management of Primero Industries (the "company") has determined to propose to its shareholders that the company consolidate its present issued common shares of 14,141,948 common shares on a five old for one new basis thereby reducing the issued common share capital to 2,828,389 common shares without par value and following the consolidation to increase the number of authorized common shares and alter the memorandum accordingly. In conjunction with the consolidation, the company has determined to propose to its shareholders that the company change its name to PMI Ventures Ltd. The company has set a date of June 22, 1999, for a shareholders' meeting to approve the consolidation and name change. The foregoing matters are subject to shareholder approval and acceptance by the Vancouver Stock Exchange. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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