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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (24703)	11/6/1997 10:01:00 PM
From: Roger Cordell	Respond to of 35569

<< THEY FOUND PLATINUM IN THE FLUX! ITS HISTORY! >> tsk, tsk.......resorting to CAPS and exclamation points. What would your debate teacher have said? Roger

To: E. Charters who wrote (24703)	11/6/1997 10:04:00 PM
From: strenlich	Read Replies (1) \| Respond to of 35569

"On August 30, 1996, a meeting was conducted with the ASE and an agreement was reached whereby AMCL would supervise a drill hole at the Franklin Lake Property, material collected sealed and then tested at Ledoux and Company and a designated Canadian Lab. The drill hole was completed on September 17, 1996, tested at Ledoux and Company and published to the market. Testing at Ledoux and Company was supervised by AMCL, Jack Stanley, an outside assay consultant employed by AMCL, Paul Blumberg, technical director of Ledoux and Company and Fred Arkoosh Jr, Chief Operating Officer of Naxos Resources Ltd. Jack Stanley, after his analysis of Naxos' assay methodology, stated in the presence of Paul Blumberg, Fred Arkoosh, Jr and several other witnesses that "Naxos' assay methodology falls well within the boundaries of a conventional fire assay." Despite this statement and the positive results achieved at Ledoux and Company not only in the month of October 1996, but throughout 1997, the ASE never acknowledged nor approved Naxos' methodology."

To: E. Charters who wrote (24703)	11/6/1997 10:07:00 PM
From: strenlich	Read Replies (1) \| Respond to of 35569

"The Company and its Shareholders claim that The Alberta Stock Exchange has breached its fiduciary duty owed to Naxos' Shareholders and acted recklessly and in bad faith, alternatively, negligently, in respect to the actions taken by The Alberta Stock Exchange by halting the Company's stock and its conduct thereafter. The Company further claims that The Alberta Stock Exchange breached its contract with the Company in respect to the terms of reinstating the Company's stock for trading. The Company and its Shareholders further claim that Associated Mining Consultants Ltd. and/or Jack Stanley fraudulently, deliberately or negligently falsified a report concerning the results obtained by Ledoux & Company. The Company alleges that Jack Stanley and Associated Mining Consultants Ltd. fraudulently or negligently misrepresented that the results obtained by Ledoux & Company were caused by contamination or deliberate enrichment."