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Gold/Mining/Energy : Whitegold Resources Corp (WGO) Asset Rich, by any measure -- Ignore unavailable to you. Want to Upgrade?

To: Francis R. Biscan Jr. who wrote (231)	11/25/1997 1:13:00 PM
From: Herman Leusink	Read Replies (2) \| Respond to of 378

Francis, I spoke to Carry Martin this morning. He figures that Allen has already transferred most of his shares to his wife or some related party. Given the prospects for the company there is no reason for Allen to get rid of his interest in the company. If I read the order right Allen has 180 days to get rid of his shares (this could mean transferring them to his wife). He cannot do any other trading for a further year and a half. For the subsequent three years he would only be allowed to trade in one account with one broker and all his trades would be reported to the Executive Director of the securities commission. There are a number of other lesser items (including a fine of $15,000), but I would say Allen got off rather easily. The feasability study is due at the end of this month and Carry said that he expects it to be on time. Also, there is a small private placement being planned. Apparently the study will cost about $500,000 more than the original estimate. As the originator of this thread is it possible for you to change the contact and phone number on the starting message for the thread? Regards, Herman PS. Do you live in the Vancouver area? I will be there for a two day trip starting Friday. If you are, I would be interested in getting together.