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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: GOLDIGER who wrote (3717)	11/6/1997 1:35:00 AM
From: Tomato	Read Replies (2) \| Respond to of 26850

Goldiger, Sophie may have told you that there are only a total of 4.5 million options, but the wording of the the proxy material sure doesn't make that clear to me. Maybe it's true, maybe it's not. Here again, for those wishing a Sleep-Eze substitute, is the language: 2. To approve, with or without amendment, an ordinary resolution approving, ratifying and confirming resolutions of the director's passed at meetings held on February 10,1997 and June 11,1997, respectively, granting incentive stock options to certain insiders of the company, to purchase up to 2,200,000 shares of the Company at a price of $1.62 per share, exercisable at any time up to February 5,2002, all as more fully set forth in the accompanying Information Circular of the Company dated as at August 6,1997 and to approve, ratify and confirm the actions of the directors in executing agreements pertaining thereto by and on behalf of the company. 3. To approve, with or without amendment, an ordinary resolution whereunder the company allocate and reserve its common shares from time to time for the purpose of granting options under an Employee Incentive Stock Option Plan, subject to a maximum of 4,500,000 shares being under option. INSIDERS TO WHOM SHARES MAY BE ISSUED UNDER THE PLAN, AND THEIR RESPECTIVE ASSOCIATES AND AFFILIATES, WILL ABSTAIN FROM VOTING ON THE FOREGOING TRANSACTION. THE APPROVAL OF A MAJORITY OF DISINTERESTED MEMBERS OF THE COMPANY IS THEREFORE SOUGHT. *END Is it 2.2 plus 4.5? Or is it 2.2 plus a max. of 2.3 more? If 2.3 more, why didn't they say so to make it clear? BTW, is Sophie still hopeful and optimistic? What happens if the weather this year is warm and the ice doesn't get thick enough for the drill rigs? Is there a Plan "B"?

To: GOLDIGER who wrote (3717)	11/6/1997 3:54:00 PM
From: Diamond in the Ruff	Read Replies (1) \| Respond to of 26850

Goldiger said: >In one of my recent posts I told the thread that the 4.5 million >figure includes the 2.2 million already set at 1.62. That leaves 2.3 >million left to be set less some existing options already in place. >Your post still leaves the erroneous impression that there are 6.7 >million options out there Kinda does doesn't it? Not my intention, sorry - you are absolutely correct. Page 8 of the Information Circular I received states: "All outstanding incentive stock options will automatically be subject to the terms and conditions of the Plan." >Kim, I too am a shareholder of Winspear and averaged down a little >yesterday. I based my judgement on how the Winspear chart appears to >be flattening out in this range. The recent spike to $1.05 was a >result of rumours spread by certain anal - ysts and parroted on this >thread by a couple of snot brokers posing as humans. For the life of What you mean there's brokers here? Ich... ploohy ...you mean my tender thoughts are being absorbed by those deviants? Now where'd I put that literary prophylactic. Cheers, Kim Disclaimer: I am a shareholder in Winspear Resources. I am not an investment advisor and am offering my comments for discussion purposes only. Do your own due diligence.