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Gold/Mining/Energy : kazakstan goldfields symbol kgfc -- Ignore unavailable to you. Want to Upgrade?


To: buylowsellhigh who wrote (332)3/11/1998 11:33:00 AM
From: Jesse  Read Replies (2) | Respond to of 367
 
*News - Kazakstan Goldfields & Government of Kazakstan to negotiate settlement

Kazakstan Goldfields Corp KGFC
Shares issued 35,621,544 Mar 9 close $0.06
Wed 11 Mar 98 News Release
Mr Thomas Griffis reports
The company has accepted an offer from the Government of Kazakstan to begin a dialogue with the intent of reaching a settlement to its dispute with the Government of Kazakstan.
Both the Ministry of Energy, Industry and Trade and the Department of State Property and Privatization of the Ministry of Finance have offered to Gold Pool LLP, a 75% owned subsidiary of KGFC to open discussion with the purpose of reaching a negotiated settlement of its dispute. In accepting this offer, KGFC has agreed to temporarily suspend its US$28.6 million claim against the Government of Kazakstan which was filed in the International Court of Justice in The Hague Netherlands on November 17 1997.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com