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Gold/Mining/Energy : Adikann Goldfields ADK (VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Jenny Pillen who wrote (722)	1/15/1998 2:40:00 PM
From: Ice-Man	Read Replies (1) \| Respond to of 826

Adikann Goldfields Ltd ADK Shares issued 20782996 1998-01-13 close $0.05 Wednesday Jan 14 1998 Mr J. Graham Douglas reports The company intends to consolidate its outstanding shares on the basis of a maximum of ten existing shares for one new share. The current outstanding share capital of the company is 20,782,996 shares. After the proposed consolidation, assuming no additional shares are issued prior thereto and using the maximum consolidation ratio, the then outstanding share capital would be 2,078,300 shares. The current large size of the company's issued share capital and present market conditions make it difficult to obtain financing. Consequently, the company has concluded it is essential that its shares be consolidated. The company must also change its name in conjunction with the consolidation and accordingly, the company proposes to change its name to Harben Resources Ltd. The consolidation and name change are subject to shareholder approval which will be sought at the annual general meeting in February. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com