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Gold/Mining/Energy : Strike Minerals STRK CDN -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (19)	7/19/1999 12:20:00 PM
From: Sam	Read Replies (1) \| Respond to of 56

looks like we are back on trading up to .48 already sam

To: Bill Jackson who wrote (19)	7/19/1999 12:29:00 PM
From: Sam	Respond to of 56

This letter has been out for a week just noticed it .must be another today sam To Acquire Bingo Assets With Annual Net Earnings Of $1.2 Million 07/06/1999 11:10:00 / STRIKE MINERALS INC STRIKE MINERALS INC ("STRK-Z;STRKF-L") - To Acquire Bingo Assets With Annual Net Earnings Of $1.2 Million Strike Minerals Inc. is pleased to announce it has signed a Letter of Intent to acquire a 100% interest in three corporate entities (hereinafter collectively the "Companies"). The aggregate consideration for these Companies will be 14 million dollars plus 2.5 million common shares of Strike. The acquisition is subject to due diligence, regulatory and shareholder approval, and execution of a formal agreement. Closing is to occur by November 15, 1999. The Companies hold a number of bingo halls in Northern Ontario. These assets have a value in excess of $3 million, and have produced net earnings of $1.2 million in 1998. The Companies have no debt and own all properties and equipment outright. In addition, this acquisition includes the benefits of a continuing contract with current management. Strike's president, Bill Hennessy, feels that there is substantial potential for growth in the bingo industry, including expansion into other geographical areas. Mr. Hennessy feels that this acquisition will facilitate Strike's ability to broaden its operating base to include further land-based and electronic gaining sites. Management expects growth from existing business and future expansion initiatives to exceed 25% per year. Shareholders will be requested to approve a change in the nature of business to include the business of bingo and gaming at an annual and special Meeting to be announced shortly. Although Strike intends to expand into bingo and gaming, it will continue in mining exploration including base and precious metals and industrial minerals. Strike has 8,016,659 common shares issued and outstanding. Strike's common shares will be suspended pending re-application of the company to the CDN reflecting its proposed change of business. TEL: (613) 587-4409 Bill Hennessy, President of Strike TEL: 1-877-847-7719 Jeff Wolburgh, Chase Equity Group ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.