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

To: Gramps who wrote (647)	1/2/1998 5:51:00 PM
From: Wilhelm Hansen	Read Replies (1) \| Respond to of 769

Here is what I have heard before Christmas: The water problem has been solved. Bio test is ok. Production to resume in Jan/98. BYG was too fat which resulted in a financial squeeze. Graham Dickson took charge to make BYG slimmer. Total workforce reduced from 107 to 50 employees. Offices in Vancouver and Whitehorse closed (or will close). BYG to operate from the offices at the mill site. Annual report to be out by the end of January. By my estimation these austerity measures will save the company $2,000,000 or more annually. Sounds good to me. Happy New Year

To: Gramps who wrote (647)	1/5/1998 9:09:00 PM
From: JUNIORSPECULATOR	Read Replies (1) \| Respond to of 769

>From newsout@canada-stockwatch.com Mon Jan 05 19:41:17 1998 Date: Mon, 05 Jan 1998 16:41:02 -0800 From: newsout@canada-stockwatch.com Subject: Stockwatch: BYG Natural Resources Inc - News Release New president; restart of production scheduled BYG Natural Resources Inc BYG Shares issued 47,110,485 Jan 5 close $0.30 Mon 5 Jan 98 News Release Mr Graham Dickson reports Mr Dickson has been appointed president to succeed Mr J Malcolm Slack who has resigned. Mr Slack will continue on the board as a director of the company. Mr Alan Thompson, chairman of the board, has been appointed CEO on an interim basis. While production at the Mt Nansen mine has been suspended for several weeks to deal with a water balance problem, mining is scheduled to restart on Tuesday, January 6 1998 and milling a few weeks later towards the end of January. In keeping with the new management's focus, on maximizing the profitability of the Nansen operation, all company personnel will be at the mine site and all other offices will be closed. On December 30 1997 the company agreed to the private placement, with five investors, of 3,333,333 shares at $0.30, to raise $1,000,000. The offering consisted of 2,333,333 flow through shares and 1,000,000 shares. Proceeds of the offering will be used to finance exploration and for working capital. Subject to regulatory approval the closing of the offering will be completed on January 7 1998. Exploration in the coming season will concentrate on increasing the company's cyanidable ore reserves in the Nansen camp. Drilling will commence in February on the nearby Flex zone to further delineate this orebody which is designated to provide the next mill feed after the Brown McDade open pit. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com