Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KWG Resources (KWG - T) -- Ignore unavailable to you. Want to Upgrade?

To: boo who wrote (137)	2/11/1998 9:13:00 AM
From: Claude Robitaille	Read Replies (1) \| Respond to of 197

Globe says major shareholder raises stake in firm KWG Resources Inc KWG Shares issued 22,180,479 Nov 26 close $0.37 Wed 11 Feb 98 In the News See Marleau, Lemire Inc (MRM) In the News The Globe and Mail reports in its Wednesday, February 11, edition that financier Ned Goodman, the biggest shareholder in Marleau Lemire, threw his support behind the troubled company yesterday by buying more shares through his family controlled Dundee Bancorp. The Globe's Karen Howlett writes that Dundee says it has agreed to buy 198,500 shares at $4 each in a private transaction with an unidentified seller, thus increasing Dundee's stake in Marleau Lemire to 24.4 per cent from 19.8 per cent. Mr Goodman says he likes the stock because it's "cheap." Marleau Lemire has conceded it is linked to a scandal surrounding Ste-Genevieve Resources because it facilitated transactions between several clients and subsidiary KWG Resources. Former Marleau Lemire employees say the firm got entangled in the mess because Mr Marleau took part in secret sweetheart deals Ste-Genevieve arranged for a small group of investors who bought KWG shares. Mr Goodman said the KWG situation played a role in Mr Marleau's departure. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com