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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: bconard who wrote (9030)	11/16/1999 7:54:00 AM
From: bconard	Read Replies (1) \| Respond to of 11603

Again to all, Having said that (previous post), I got to thinking. Dale mentioned some time ago that there was a possibility that the company would be sold as the base for some new business that wanted to go public. It is (I think) a fully reporting company. Maybe they are setting the sale price. The following is from Dale's July 15, 1998 Chairman's Message. ************************************************************ The Maxam board of directors has elected to issue to Maxam shareholders of record on October 1, 1998 certain of its holdings in WindStar Resources, Inc. (WSRI). One share of WindStar, and one WindStar "A" warrant (WSRIW) will be issued for each 160 common shares owned of Maxam, as a dividend. The WindStar common shares held by Maxam are restricted shares and when transferred to Maxam shareholders must be held for one year prior to being freely traded. Each WindStar "A" warrant may be exercised for $ 2.50. Maxam shareholders will have three choices with the warrants. 1. Exercise the warrants, 2. Sell the warrants at market price, 3. Allow them to lapse. ************************************************************* Guess we will just have to wait and see what happens next. Bob