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

To: Scripts who wrote (882)	3/13/1998 9:53:00 AM
From: The Lone Ranger	Read Replies (1) \| Respond to of 8010

Hello Ed. Does this answer your question? Merger of United Keno and NDU finalized United Keno Hill Mines Ltd UKH Shares issued 15,031,450 Mar 12 close $0.76 Fri 13 Mar 98 News Release Also NDU Resources Ltd (NDU) Mr Stephen Powell of United Keno reports United Keno Hill Mines and NDU Resources Ltd, a meeting in Vancouver on March 11 1998, the shareholders of NDU Resources approved a merger by way of plan of arrangement with United Keno under the terms of which each NDU shareholder will receive 1.35 common shares of United Keno for each NDU share held. The final order of the BC Supreme Court approving the plan of arrangement was issued and filed and the merger became effective on March 12 1998. Messrs J.M. Stephen, A.R. Archer and D.O. Goss, previously directors or officers of NDU, have been appointed to the board of directors of United Keno. United Keno is planning the resumption of commercial production from its central Yukon silver-lead-zinc properties later this year at a rate of 500 tons per day. The merger of the two companies will permit a rapid evaluation of NDU's neighbouring Marg and Blende deposits and the incorporation of those properties into the production schedule. A feasibility study will be commenced shortly to establish the economics of shipping ore from Marg to a new mill to be constructed at Elsa.