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Gold/Mining/Energy : SMM on TSE - Simmonds Capital -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (313)	8/12/1999 12:02:00 PM
From: Buckey	Read Replies (1) \| Respond to of 372

They aint covering cus only a few hundred k sold so far - They would only want to spend $5k each if they thought that they could get the SMMprice well up over 55 to make it worth their while. Or am I stoopid

To: Ed Pakstas who wrote (313)	8/20/1999 11:31:00 AM
From: Buckey	Read Replies (1) \| Respond to of 372

Simmonds Capital Ltd - Simmonds rights offering details Simmonds Capital Ltd SMM Shares issued 19,551,951 1999-08-17 close $0.51 Wednesday Aug 18 1999 TSE Bulletin 99 0989 Reference is made to Toronto Stock Exchange Daily Record Bulletin 99-0936 dated July 29, 1999 (see Stockwatch July 27, 1999). Holders of common shares of record as of the close of business on Aug. 5, 1999, will be granted the right to subscribe for one additional common share for every five common shares held at a subscription price of 50 cents per share. The rights will expire at 4:30 p.m. (ET) on Aug. 27, 1999, and will be delisted at the close. The following trading and settlement rules will apply: 1. All trades on Aug. 24, 1999, will be for special settlement on Aug. 26, 1999. These trades will appear on the CDS Settlement Report and will be recorded with a settlement date of Aug. 26, 1999. 2. All trades on Aug. 25, and Aug. 26, 1999, will trade for cash settlement the following business day and selling members must have the rights that are being sold in their possession or owed to them through clearing, prior to such sale. Trades on Aug. 27, 1999, from the opening to 12 p.m., will be for same day cash settlement. 3. Should fail positions exist on the expiry date, purchasing members have the option of paying for the rights purchased and demanding delivery of the securities into which the rights are exercisable. Such demand shall be made before 2 p.m. on the expiry date of Aug. 27, 1999. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwa