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Gold/Mining/Energy : Meteor Creek Resources Inc V.DDX -- Ignore unavailable to you. Want to Upgrade?

To: jerry janko who wrote (18)	6/22/2000 6:30:00 PM
From: jerry janko	Read Replies (1) \| Respond to of 67

Double Down Resources Ltd DDX Shares issued 4,329,527 Jun 21 close $0.10 Thu 22 Jun 2000 News Release Mr. Hughes Salat reports Double Down Resources has entered into an agreement to amalgamate with Meteor Creek Resources Inc., an arm's-length, private non-reporting issuer located in the province of Ontario. Under the proposed amalgamation, the company will consolidate its stock on a 1 for 4 basis, immediately after which it will acquire Meteor through the issuance of up to 4.5 million special warrants. Each special warrant will entitle the holder to receive one common share of the amalgamated company upon the filing of a prospectus. In conjunction with the amalgamation, $63,000 in existing debt will be cancelled in exchange for 200,000 shares in the amalgamated company. Subject to final due diligence, shareholder and regulatory approvals, the amalgamated company will have approximately 5.5 million shares outstanding, $700,000 cash, no debt, and a farm-in agreement on a oil and gas permit in Eastern Canada. The business of the amalgamated company will be oil and gas exploration and will initially focus on the existing Meteor Creek assets. A special shareholders meeting has been called for Aug. 21, 2000, to vote on the proposed amalgamation and other corporate matters.