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

To: Herman Leusink who wrote (232)	11/25/1997 6:05:00 PM
From: robwin	Read Replies (2) \| Respond to of 378

Hermann, It would be difficult if not impossible for Allen to transfer any shares during the period before his BCSEC hearing. For one thing, he was an undischarged bankrupt for a long period of time. His shares and all his other assets would have been in the hands of his trustee in bankrupcty, held for the benefit of his creditors. Assuming these shares were duly vested in the trustee, Allen could not transfer or encumber them in any fashion. Also, any transfers of property to related persons (i.e. wife) in the 12 months directly preceding his bankrupcy would be void as well. I think it would be unwise to speculate as to Allen's present financial needs and resources. He may need to sell these shares nothithstanding the Company's future prospects. RT

To: Herman Leusink who wrote (232)	12/5/1997 8:56:00 PM
From: robwin	Read Replies (1) \| Respond to of 378

Hi Herman, I meant to post a reply earlier, but as the end of November has come and gone, I thought I would do it now. Where are we with the final feasiblity report?? November came and went... And why is a further private placement required? Surely, the previous flow through share offering we just completed should have been sufficent. As I recall, they raised over $1.5 million to fund the study and other ongoing costs. We should have an accounting of these funds first. I don't buy the explanation that they underestimated the cost of the study by $500,000... Robert