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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK) -- Ignore unavailable to you. Want to Upgrade?


To: Benjamin Ng who wrote (562)3/14/2000 8:11:00 PM
From: Benjamin Ng  Read Replies (2) | Respond to of 587
 
DYX 2000-03-14 News Release (Company can't explain increases)

Dynamix Corporation - General Corporate Developments

Calgary, Alberta --
The management of Dynamix Corporation (the "Corporation") (trading symbol DYX on CDNX) notes that the trading activity in the Corporation's common shares has increased substantially as has the market price. Management of the Corporation is not aware of any specific developments which would give rise to this activity and increased price.

While the Corporation is considering a number of new business opportunities [ed. boldface], no specific agreements or letters of intent have been entered into. The Corporation carries on its business through a wholly-owned subsidiary, Fastway Exploration Ltd. ("Fastway"). Fastway is experiencing an improvement in its business and the Corporation anticipates releasing its financial statements for the year ended September 30, 1999 and the first quarter ended December 31, 1999 in the next several days. The Corporation expects to report a consolidated loss in the order of $500,000.00 for the year ended September 30, 1999, but a small profit for the first quarter in the order of $85,000.00.

The annual general meeting of shareholders of the Corporation will be held on March 31, 2000. The management of the Corporation is proposing to the shareholders a consolidation of the outstanding common shares of the Corporation on up to a 1 for 5 basis. This question will be voted upon at the annual meeting.

The following officer of the Corporation may be contacted regarding the contents of this press release:

J. Robert Bateman
Bay C2, 3911 Brandon Street S.E.
Calgary, Alberta T2G 4A7
Telephone (403) 243-8777

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.