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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T) -- Ignore unavailable to you. Want to Upgrade?

To: ogi who wrote (321)	10/6/1999 3:07:00 PM
From: The Barracuda™	Respond to of 922

Company Press Release Ashanti Goldfields Company Limited Further Restructuring of Ashanti's Hedge Book LONDON--(BUSINESS WIRE)--Oct. 6, 1999--Further to the announcement of Oct. 5, 1999, Ashanti Goldfields Company Limited (``Ashanti' or ``the Company') announces that it has entered into a temporary standstill arrangement with its hedging counterparties in order to give the Company time to work out a more permanent arrangement with its counterparties. Under this arrangement the counterparties have agreed not to make margin calls or to take certain other actions in respect of the hedging contracts. In the meantime, the Company is actively reviewing its strategic alternatives and opportunities to create additional liquidity and, as announced yesterday, is pursuing merger negotiations with Lonmin plc. Certain of the statements made in this release are forward looking in nature. Actual results may differ from those projected in forward looking statements. Risk factors relating to Ashanti can be found in its public SEC filings. Ashanti undertakes no obligation to update publicly any forward looking statements whether as a result of new information, future events or otherwise. Any statements should be evaluated in light of these factors.