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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (63604)	9/15/2000 2:05:44 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

CDN K:OTC NGCO I in, for the Canadians, it does not qualify for RRSP at this time. But I assume if/when CDNX, or TSE, it will qualify. Outcome of this suit should be very interesting, and could be very rewarding.

To: CIMA who wrote (63604)	9/15/2000 2:09:18 PM
From: Golf Pro6	Read Replies (1) \| Respond to of 150070

Nova Growth has another lawsuit regarding the Niagara Falls casino, the assessment on that came out Monday: Attention Business Editors: Nova Growth Corp. - Announces $185 million to $213 million as Preliminary Valuation of Niagara Falls Casino/Gateway Project Claim TORONTO, Sept. 11 /CNW/ - Nova Growth Corp. (the "Company") announces that it has received a report from Mintz and Partners Financial Services ("Mintz") valuing the interest which the Company is claiming in the Niagara Falls Casino/Gateway project (the Project") at between $185,000,000 and $213,000,000. As previously announced, the Company has commenced litigation against its former president, Andrej Kepinski, Richard Boxer and their related companies. The Company asserts that it is the owner of 50% of Falls Entertainment Corporation, one of the participants developing the Project. The Mintz report is based only on publicly available information from the Ontario Casino Corporation and other public sources. As the permanent casino is not yet in operation, the report is based on projections rather than historical information. Mintz has not reviewed the final project agreements among the participants or with the Ontario Government, as these documents are not public. If and when these documents become publicly available, the valuation in the Mintz report will change. Mintz has also made a number of assumptions (which it considers to be reasonable in the circumstances) including with respect to the scope and duration of the project, the financial structure and debt equity ratio to be implemented. Based on the above assumptions and limitations, Mintz has reported that the present value of the interest being claimed by the Company is between $185,000,000 and $213,000,000, using a discount rate range of 9% to 10%. A copy of the Mintz report will be available on the SEDAR database (www.sedar.com). The Company has 9,829,383 common shares, issued and outstanding (11,047,243 on a fully diluted basis). -30- For further information: Brian Hamm, President and Director at (416) 362-3966 NOVA GROWTH CORP. has 10 releases in this database.