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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE) -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (747)	7/7/1999 9:16:00 AM
From: Buckey	Respond to of 773

well aware - Danks bye

To: The Osprey who wrote (747)	2/1/2000 8:32:00 PM
From: Buckey	Read Replies (1) \| Respond to of 773

this might hep explain a 80% increase Northern Abitibi Mining Corp - Northern Abitibi to proceed against Hymex Northern Abitibi Mining Corp NAI Shares issued 27,755,028 2000-02-01 close $0.09 Tuesday Feb 1 2000 Also Hymex Diamond Corp (HMD) Mr. Glen Harper reports The board of Northern Abitibi is determined to proceed with NAMC's action against Hymex Diamond Corp., its wholly owned subsidiary, Hymex Guinea SA, International Mining Co. SA and Jobran Shakkour arising out of IMC's breach of its agreement with NAMC dated Nov. 1, 1996, to acquire up to a 50-per-cent joint venture interest in IMC's Kerouane diamond properties in Guinea and related assets. After entering into the Nov. 1, 1996, agreement, NAMC lent IMC $250,000 (U.S.) to purchase a diamond wash plant for use on the Kerouane diamond properties. Subsequently, IMC informed NAMC that it would not honour its agreement and proceeded to enter into another agreement to sell the Kerouane properties to Hymex. IMC also failed to repay NAMC the $250,000 (U.S.) loan. After commencing its legal action, and in a spirit of co-operation with Hymex, NAMC made a settlement with Hymex that would have involved the repayment of NAMC's $250,000 (U.S.) loan and accrued interest and the issuance to NAMC of 500,000 shares of Hymex, which at that time were trading in the $1.40 range. The settlement agreement, which was entered into on a without prejudice basis, was subject to certain conditions inclusive of exchange approval. NAMC granted several time extensions to Hymex to obtain exchange approval, but once such approval was obtained, Hymex defaulted on the settlement agreement. As is set out in Hymex's audited financial statements as at June 30, 1999, Hymex did not comply with the terms of the settlement. Counsel has been instructed to demand statements of defence from all of the defendants within 20 days. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch