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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: pud* who wrote (3111)	7/8/1999 10:10:00 PM
From: Wally B	Read Replies (1) \| Respond to of 15703

Pud - Sorry I didn't get back to you sooner. Yes oversubscribing is beautiful! GL informed me that a circular regarding the rights issue would be sent out. But never received it. Probably just sent to the big boys. Nevertheless, I figured everything was straight forward. Little did I know about oversubsciption until I reread one of the news releases. It talked about sending forms 1 & 2 into Montreal Trust along with the right amount of cash. To complicated, so I just phoned GL and they did all the work. (Made up for some of their high commission charges on other transactions). The real beauty about oversubscription is that if you held only one share, you could still apply to receive as many shares as you could afford, depending on availability of course. At the current KOB stock price, it certainly looks like we made the right move. Keep smiling. WB.