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Gold/Mining/Energy : GENTRY RESOURCES LTD. (GNY.B - TSE) -- Ignore unavailable to you. Want to Upgrade?

To: jerry janko who wrote (324)	7/7/1999 9:11:00 AM
From: jerry janko	Read Replies (1) \| Respond to of 601

Gentry Resources Ltd GNY Shares issued 18,368,732 Jul 6 close $0.50 Wed 7 Jul 99 News Release Also Barra Resources Inc (BAO) Mr. Hugh Ross reports Gentry has extended the expiry time of its offer to purchase all of the outstanding common shares of Barra Resources from 4:30 p.m. July 6, 1999, until 4:30 p.m. (Calgary time) July 19, 1999. The minimum percentage condition remains at 90 per cent. As at 4:30 p.m. on July 6, 1999, 7,582,794 common shares of Barra, which represents 80.5 per cent of Barra's outstanding shares, have been deposited pursuant to the offer. Participating shareholders of Barra (being its directors, officers and certain other participating shareholders) have deposited 3,312,500 shares and have agreed to deposit a further 230,000 shares upon the exercise of conversion rights under the Barra convertible debentures. Gentry has not waived the minimum percentage condition and has not taken up any common shares of Barra. The offer is being extended to provide those shareholders who have not yet deposited their shares the further opportunity to deposit their shares and to permit the minimum percentage condition to be achieved.