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Gold/Mining/Energy : NOVAWEST RESOURCES INC. (NVE.v) -- Ignore unavailable to you. Want to Upgrade?

To: Barry Cox who wrote (1373)	6/30/1999 8:39:00 AM
From: Mike Campagna	Read Replies (2) \| Respond to of 1434

Not enough takers at the current price, so it'll be extended. Man, something has to get going at NVE to give some support. Mike NovaWest extends rights offering NovaWest Resources Inc NVE Shares issued 15,730,865 Jun 29 close $0.30 Wed 30 Jun 99 News Release Mr. Patrick O'Brian reports NovaWest Resources has extended, further to the Stockwatch report of May 31, 1999, the expiry date of the rights to purchase units consisting of one common share and one-half of one common share purchase warrant of the company issued to the company's shareholders of record on May 26, 1999, from the current expiry date of July 7, 1999, to 4 p.m. on Aug. 1, 1999. On May 26, 1999, the company's shareholders of record were granted the transferable right to subscribe for units of the company at a subscription price of 40 cents per unit. Each unit is comprised of one free-trading common share and one half of one common share purchase warrant of the company. The rights are evidenced by transferable rights certificates registered in the names of the holders of the common shares of record and were issued on the basis of one right for each common share held. Six rights and the subscription price of 40 cents are required to subscribe for one unit. The rights will now expire at 4:00 p.m. on August 1, 1999, and each right carries the ability (by way of oversubscription privilege) to subscribe at the subscription price for additional units provided the right holder has exercised his or her rights in full. The rights offering is not registered in the United States or in any jurisdiction in Canada other then in the provinces of British Columbia, Alberta, Manitoba and Ontario. The rights are listed for trading on the Vancouver Stock Exchange and will continue to be listed until 9 a.m. on the new expiry date of August 1, 1999. The company's management invites the public to visit the company's home page on the internet (www.novawest.com) for the most current information about the company and its mineral properties