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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: D J who wrote (823)	5/5/2000 8:15:00 PM
From: robingrayson	Respond to of 835

Stephen Dattels is NOT listed as a Director of JAVA GOLD, but linkages between IPJ and JAVA GOLD still exist, concerning SHAREHOLDINGS and probably OFFICES. Shares - according to the last Annual Information Form issued by Java Gold Corporation (30 June 1998!) International Pursuit Corporation owned directly 3,465,536 shares in JAVA GOLD (12% of shares). see the IPJ Notes to Consolidated Financial Statements Dec 31 1998 and 1997: at year end of 1997 the book value of the JAVA GOLD shares held by IPJ was 866,384$, but a year later was zero, presumably written down. Registered Offices of Java Gold (as at 26 April 2000) is at Ross Francis Royal Trust Tower PO 95, Suite No. 4400, Toronto, Ontario, Canada M5K 158 Mailing address of Java Gold (as at 26 April 2000, certified document) - 172 King Street East, Toronto, Ontario, Canada M5A 1J3 Company Counsel of Java Gold (at time of last Annual Imformation Form) - Fogler, Rubinhoff, Suite 4400 (as above) Stephen Dattels ceased to be a Director of JAVA GOLD on 2 April 1998, who was replaced at the same time as G.E.Creber. The Press Release issued by JAVA GOLD at the time stated: "Their resignations were to avoid potential conflicts of interest in areas where both companies are active". Could also be that JAVA GOLD was in steep decline so they decide to get out quick. Have a look at the JAVA GOLD string for more news.

To: D J who wrote (823)	5/9/2000 9:16:00 AM
From: robingrayson	Respond to of 835

CORRECTION - Stephen Dattels and JAVA GOLD are linked, along with other Directors and Officers of IPJ, by being Directors and Officers of Mongolian Goldfields Corporation, a 100% subsidiary of JAVA GOLD. First, Stephen Dattels: Sure he resigned as Director of Java Gold Corporation at start of April 1998, but he remains a Director of a 100% subsidiary of JAVA - Mongolian Goldfields Corporation. Second, G.E.Creber: he resigned at the same time, but he remais a Director of the same 100% subsidiary of JAVA - Mongolian Goldfields Corporation. In summary: a) 2 of the 3 Executive Officers of IPJ are Directors of Mongolian Goldfields b) 3 of the 6 Directors of IPJ are linked - 2 are Directors of Mongolian Goldfields and a third is Director of the parent company of Mongolian Goldfields, namely JAVA GOLD (1 of 3) c) The Chief Financial Officer of IPJ is an Officer of Mongolian Goldfields d) 4 of the 6 extant Directors/Officers of Mongolian Goldfields are IPJ Directors/Officers. e) Mongolian Goldfields Corporation is a private corporation registered in Ontario (Corporation Number 117471) and is ACTIVE according to latest documents filed in the Companies Branch of the Ministry of Consumer and Commercial Relations of the Province of Ontario. f) Mongolian Goldfields Corporation (MGC)is the same MGC as in the IPJ Annual Information Form issued 20 May 1998. On page 23-24 MGC is mentioned in connection with "the TAS Arrangement" in Mongolia and a 1.5$m loan to TAS by IPJ - now written off by IPJ - whose repayment to IPJ was contingent on MGC ability to profitably remine the TAS License area. As far as I can see, there is no reference made to the fact that IPJ and MGC shared several Directors and Officers. g) the specific linkages that I and my team in Mongolia have discovered so far are: 1. George E.CREBER QC President and Chief Executive Officer of International Pursuit Corporation Officer (as Secretary) of Mongolian Goldfields Corporation (as from 23 October 1996) Director of Mongolian Goldfields Corporation (as from 19 November 1996) 2. STEPHEN R. DATTELS Chairman of International Pursuit Corporation Director of Mongolian Goldfields Corporation (as from 20 June 1996) 3. WILLIAM BURTON Director and Executive Vice-President of International Pursuit Corporation Officer (President) of Mongolian Goldfields Corporation (as from 20 June 1996 Director of Mongolian Goldfields Corporation (as from 20 June 1996) 4. IAN MANKELTOW Chief Financial Officer of International Pursuit Corporation Officer of Mongolian Goldfields Corporation (as from 23 October 1996) 5. BERNARD L. KRAFT Director of International Pursuit Corporation Director of the parent company of Mongolian Goldfields - Java Goldfields Corporation (as from 24 April 1997 - see JAVA GOLD string for details) The other directors of Mongolian Goldfields are: ARMAND BEAUDOIN Officer (President?) of Mongolian Goldfields Corporation (as from 20 June 1996) Officer (President) of Java Goldfields Corporation (as from 12 November 1997 - see JAVA GOLD string for details) Director of Java Goldfields Corporation (as from 25 June 1997 - see JAVA GOLD string for details) CEO & Director of Zaamar Goldfields Co. Ltd. registered in Mongolia(as from 9 June 1998) (100% subsidary of Java Goldfields Corporation - see JAVA GOLD string for details) KHADJIDSUREN CHOILIN Director of Mongolian Goldfield Corporation (as from 19 November 1996) Director of Zaamar Goldfields Co.Ltd. (see above) Director of Barmash Joint Stock Company registered in Mongolia - see JAVA GOLD string for details) MICHAEL BECK Director of Mongolian Goldfields Corporation (since 20 June 1996 We have no more information on this person - any suggestions? The registered address of Mongolian Goldfields Corporation is: W.STEVE VAUGHAN, 181 Bay Street, BCE Place, Suite 1800, Toronto, Ontario, Canada M5J 2T9 The offical and current mailing address of Mongolian Goldfields Corporation (GMC) is the same as the official headquarters of International Pursuit Corporation (IPJ): 172 King Street East, Third Floor, Toronto, Ontario, Canada M5A 1J3 There are a lot of questions raised. First, the obvious question: why did not the 3 IPJ Directors and Chief Financial Officer of IPJ, as serving Board Members of Mongolian Goldfields Corporation execute their duties upon the death of Armand Beaudoin, CEO and Director of Mongolian Goldfields, way back on 5 July 1999, and: a) call a Board Meeting of MGC b) report the death of the CEO to the Companies Division of the Ministry of Consumer and Commercial Relations, Province of Ontario so that the Cetificate of Status could be amended. c) call a Board Meeting to appoint a replacement CEO and Director Second, with IPJ Directors/Officials occupying 4 of the 7 seats on the Board of MGC - and 4 out of 6 seats since 5 July 1999, why doesn't the IPJ Board inform its shareholders, AND SHAREHOLDERS OF JAVA GOLD CORPORATION (see JVAG string)that MGC is de facto a "controlled company" and thus cannot answer properly to its 100% owner properly, namely JAVA GOLD CORPORATION. That is enough questions for the moment from me and my team. We are not shareholders in IPJ, MGC or JAVA GOLD but we are very interested in placer gold mining in Mongolia, and in encouraging Boards to enhance shareholder value. What do the IPJ shareholders have to say?