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Gold/Mining/Energy : Gran Colombia Resources Inc (TSE.GRM)

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To: keith massey who wrote (269)5/29/1999 1:56:00 PM
From: keith massey  Read Replies (1) of 308
 
Annual report, proxy and quarter released to Sedar today.

sedar.com

"Recognizing the success in increasing shareholder value that other junior resource issuers had experienced by investing in the internet/e-commerce sector, management resolved that it would broaden its search for investment opportunities to include such a sector. The company feels that this represents a good opportunity to not only realize an increase in the value of its shares, but also to establish a presence in a market that promises to grow significantly in both the short and long term"

"the company has examined a number of promising prospects and expects to make an investment decision in the near future."

According to the Quarter the still have $11.7 million in cash, $1.5 million due from BVG and $150,000 in accound rec. and no dept.

That is almost .40/share.

Best Regards
KEITH
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