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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Braincramp who wrote (6792)	9/1/1999 2:52:00 AM
From: DoubleOddBuck	Respond to of 24921

I looked at KVL briefly, here are my comments: Before the respective rights offerings, KVL had 25,616,122 shares issued and 13 Million in Long term debt. DPC had 13,574,001 shares issued and only 1 Million in long term debt. KVL rights offering was not fully subscribed, and DPC's rights offering is not concluded, but we do know some parts. KVL has issued 2,058,131 flow-through units and 2,375,346 common share units for for gross proceeds of $904,105 I have to look up what a "Flow Through Unit" is. I admit I am a little fuzzy on that. DPC rights offering is not concluded, but we do know from the PR Aug 27th that Humboldt Capital has agreed to take 1,294,625 common shares under the rights offering for net proceeds of $258,925. This will increase Humboldts Position in Dundee to 2,362,625 shares. humboldtcapital.com If its fully subscribed and 3,396,000 new shares are issued that would bring the total to 16,136,626 shares, so Humboldt would have 14,6% of the issued shares. If its not fully subscribed, and say only 2,000,000 new shares get issued then Humboldt has nearly 15%. I'll stick with DPC because of the fewer shares, less debt, new wells coming on line next quarter, and we know where 15% of the issued are. Good luck with KVL.