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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto) -- Ignore unavailable to you. Want to Upgrade?

To: I_C_Deadpeople who wrote (256)	10/17/2000 12:40:24 PM
From: I_C_Deadpeople	Read Replies (1) \| Respond to of 350

Wheaton River to buy back shares Wheaton River Minerals Ltd WRM Shares issued 52,729,246 Oct 16 close $0.38 Tue 17 Oct 2000 News Release Mr. Ian McDonald reports Wheaton River Minerals has filed with the Toronto Stock Exchange a notice of its intention to make a normal course issuer bid for its common shares through the facilities of the TSE. Wheaton River may, during the 12-month period commencing Oct. 19, 2000, and ending Oct. 18, 2001, purchase on the TSE up to 5,032,528 common shares in total, being approximately 10 per cent of the outstanding public float of 50,325,280 common shares of Wheaton River (shares held by persons other than senior officers, directors and principal shareholders of Wheaton River). The price which Wheaton River will pay for any such shares will be the market price at the time of acquisition and any shares acquired shall be cancelled. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by Wheaton River. During the 12-month period prior to the commencement of the normal course issuer bid, Wheaton River purchased 62,500 of its common shares through the facilities of the TSE at an average price of 35.7 cents per share. There are 52,729,246 common shares of Wheaton River outstanding. Wheaton River believes that its common shares have been trading in a price range which does not adequately reflect their value in relation to Wheaton River's business and its future business prospects. As a result, depending upon future price movements and other factors, Wheaton River believes that its outstanding common shares may represent an attractive investment and a desirable use of a portion of its available funds. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com