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Gold/Mining/Energy : Maracote International Resources (VSE: MCE) -- Ignore unavailable to you. Want to Upgrade?


To: charred who wrote (315)2/22/2000 11:09:00 AM
From: The Osprey  Read Replies (1) | Respond to of 339
 
I just got off the phone with Jeff Cox a director and this is to remain haled for at least 6 weeks in Canada but the MMin the states has a 30 day exclusivity to suck out any shares people want to dump under MCERF.Granted this was a shell with 30 million shares out but what is the purpose of rolling it back on an I-net deal.Screw the shareholders.The annual meeting is a joke as the insiders control most of the stock.I have to sit back and ask myself"Who is going to benefit from this deal??"

I am in it but as soon as I can unload it I am going to.

The Osprey

Did I miss something here???



To: charred who wrote (315)2/6/2001 11:31:00 AM
From: Walter Kalin  Read Replies (1) | Respond to of 339
 
Maracote not to proceed with acquisition

Maracote International Resources Inc MCE
Shares issued 28,151,398 Feb 17 close $0.30
Mon 5 Feb 2001 News Release
Mr. Chet Idziszek reports
Further to news in Stockwatch July 7, 2000, and Maracote's news release
Dec. 13, 2000, Maracote International Resources will not be proceeding with
the proposed acquisition of all of the issued shares of Grenwill Ltd. as a
result of market conditions which preclude the financing of Grenwill at
this time. It was a condition of the acquisition that Maracote provide
financing of $2.8-million (U.S.) at the time of closing the acquisition.
In light of this development, Maracote has applied to the Canadian Venture
Exchange for the resumption of trading of its common shares.