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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Herb Duncan who wrote (10526)	5/5/1998 7:32:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. / Diaz Resources Share Organization DIAZ RESOURCES LTD. VSE SYMBOL: DAZ OTC Bulletin Board SYMBOL: DZRUF MAY 4, 1998 Diaz Resources Ltd. Announces Effective Date of Share Reorganization CALGARY, ALBERTA--Diaz Resources Ltd. announces the reorganization of its Common Shares into two new classes of shares which will become effective on May 6, 1998. The reorganization was approved at the Annual and Special General Meeting held on April 14, 1998. For every four Common Shares currently held, shareholders will receive one Class A Subordinate Voting Share and One Class B Multiple Voting Share. The Common Shares will cease to trade and the two new classes of shares will be listed for trading on the Vancouver Stock Exchange on the opening of the exchange on May 6, 1998, under the following trading symbols. Class A Subordinate Voting Shares DZR.A Class B Multiple Voting Shares DZR.B Certificates representing Class A Subordinate Voting Shares and Class B Multiple Voting Shares may be obtained following the effective date by sending Common Share certificates, together with a properly completed letter of transmittal, to Montreal Trust Company of Canada at its principal office in Calgary. A letter of transmittal will be mailed to registered shareholders this week and copies can be obtained at either the Montreal Trust Company in Calgary or by contacting Linda Miller at (403) 269-9889. Diaz currently has 25,058,203 Common Shares outstanding. After the effective date of the share reorganization, Diaz will have approximately 6,265,000 Class B Multiple Voting Shares outstanding and 6,265,000 Class A Subordinate Voting Share outstanding. The newly created shares will have attributes substantially the same as the existing Common Share except that the class B Multiple Voting Shares will entitle the holder to 25 votes for each share held and Class A Subordinate Voting Shares will entitle the holder to one vote for each share held and have "coat tail" provisions in the event of certain takeover bid offers for Class B Multiple Voting Shares.