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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (11636)5/19/2006 3:31:23 PM
From: AuBug  Respond to of 78418
 
Tone Resources board accepts takeover opinion

Tone Resources Ltd (C:TNS)
Shares Issued 18,786,927
Last Close 5/18/2006 $1.75
Friday May 19 2006 - News Release

Mr. Scott Baxter reports

Tone Resources Ltd. has received the fairness opinion and valuation prepared by Northern Securities Inc. It has been accepted by the board of directors of the company and has been forwarded to U.S. Gold Corp. (USGL). Miller Thomson LLP has been assisting the independent takeover bid response committee with respect to the foregoing and has been further retained to advise the company with respect to its response to the formal bid.

The company has also received Robert McEwen's resignation as a director of the company. Mr. McEwen has advised the company he resigned in order to facilitate the takeover bid.

Contact: Scott Baxter, President, Email: scott.baxter@shaw.ca
North America Toll Free: 1-888-737-2454, Tel: 604-263-5614, Fax: 604-263-5610
Website: www.ToneResources.com

(Hmm, sounds completely noncommittal. I have no idea what Baxter thinks so I assume he told Rob not to let the door hit him on the ass on the way out.)