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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ -- Ignore unavailable to you. Want to Upgrade?

To: Joel W. Grothendick who wrote (468)	3/13/1998 6:40:00 AM
From: Francis R. Biscan Jr.	Read Replies (1) \| Respond to of 1285

Joel.......There was some press the day before regarding Raymond Hanson. I have been unable to reach stockwatch to ask permission to repost it. If they have faxed it to my office, I will post it tonight. In response to your post: I have a great deal at stake here, and intend to make every effort to bring a profitable conclusion to this scenario. It makes no sense to me, why someone would be selling at 0.18C. The company now has a market cap of less then $800,000 C and will more then likely trade higher then this in 99% of likely scenarios out there. I intend to be on the bid shortly. Rich

To: Joel W. Grothendick who wrote (468)	3/13/1998 12:45:00 PM
From: Tritone_ch	Read Replies (2) \| Respond to of 1285

Cadre Resources Ltd - Revised settlement offer made to Raymond Hanson Cadre Resources Ltd CSL Shares issued 4063218 1998-03-04 close $0.26 Wednesday Mar 11 1998 Mr R. Page Chilcott reports Cadre Resources has made a revised settlement offer in an effort to settle the dispute with Raymond Hanson and his associated companies of Spokane, Washington. The parties are scheduled for an arbitration hearing in Seattle for approximately seven days at the end of April 1998. The current offer represents an amendment to the terms of the settlement agreement reached in 1997, which agreement did not close. The company is hopeful that the settlement offer will be accepted by Mr Hanson, and the costs of the arbitration, and further delay to the company's business plan, will be avoided. However, if the matter goes to arbitration, the company is confident that it will receive a favourable award. In conjunction with the resolution of the Hanson dispute, the company's major creditors have agreed in principle to accept shares of the company in settlement of their respective debts. The terms of the debt settlements will be announced when the formal agreements have been entered into. With the resolution of the Hanson dispute and the settlement of outstanding liabilities, the company will be able to re-focus its attention on the Rosita 1 concession in Venezuela.