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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (402)	6/13/2002 9:42:57 AM
From: Jim Willie CB	Respond to of 89467

Augie, badboy... maybe MsJohnson will marry me & my SEA /jw

To: augieboo who wrote (402)	6/13/2002 9:44:38 AM
From: Jim Willie CB	Respond to of 89467

Canada's Central Fund (CEF) to buy $50M in gold & silver !!! The press release below from Central Fund of Canada (CEF on the American Stock Exchange) says the company is issuing 11.5 million shares to purchase US$50 million in gold and silver bullion. This is probably as good for gold and silver as a mining company's closing some hedges. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * TORONTO, June 6 (CNW) -- Central Fund of Canada Ltd. of Calgary, Alberta, announced today that it has entered into an agreement with a syndicate of underwriters led by CIBC World Markets Inc. under which the underwriters have agreed to buy and sell to the public, in Canada and in the United States under the multijurisdictional disclosure system, 11,584,660 Class A Shares of Central Fund. The purchase price of U.S. $4.19 (Cdn.$6.43) per Class A Share is expected to result in proceeds of approximately U.S. $48.5 million (Cdn.$74.5 million). Substantially all the net proceeds of the offering have been committed to purchase gold and silver bullion in a ratio of approximately 50 ounces of silver for every one fine ounce of gold, in keeping with the investment policies established by the board of directors of Central Fund, for settlement at closing of the issue. Closing is expected on or about June 13, 2002. -end-