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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (4627)	9/10/1999 6:26:00 PM
From: Bearcatbob	Respond to of 15703

Hilton transfers Greater San Joaquin Basin JV interest to LLC Hilton Petroleum Ltd HTP Shares issued 18,382,792 Sep 9 close $4.20 Fri 10 Sept 99 News Release Mr. Donald Busby reports The company has formed a limited liability company (LLC) and transferred to it a 2.25-per-cent working interest in the Greater San Joaquin Basin joint venture. The company is securing participation from outside investors in the LLC. As a result of this transaction the company will receive approximately $3,375,000. In addition, the company is carried for well costs of approximately $675,000. This transaction, in effect, represents a significant off balance sheet financing and prevents further dilution at prices below management's targeted price for its next proposed financing. © Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com <<