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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: EricVdP who wrote (1022)	5/7/1998 10:38:00 AM
From: Brad Humphrey	Read Replies (1) \| Respond to of 1326

To Eric and everyone else on the thread. Here is an excellent opportunity to ask Stan and possibly the Nesbitt Burns team directly. *********** NEWS RELEASE WILLIAM RESOURCES INC. 390 Bay Street, Suite 2008 Toronto, Ontario M5H 2Y2 May 7, 1998 Internet Address williamres.com E-mail Address: info@williamres.com Trading Symbol TSE - WIM WILLIAM RESOURCES INC. TELECONFERENCE CALL Friday, May 8, 1998 12:00 Noon (EST) TOLL FREE: 1-800-997-6207 (North America) LOCAL: (416) 620-4054 Please join Stan Bharti and key members of William's management team for an important teleconference call. It is recommended that participants dial in several minutes before the start time. If there are any questions or concerns, please contact Reg Burden or Brad Humphrey at (416) 861-9500. Note: There will be a recording of the conference call available until 23:59 Monday, May 11. Call (416) 626-4100 Reservation Number: 891383

To: EricVdP who wrote (1022)	5/7/1998 11:11:00 AM
From: M. Merriam	Respond to of 1326

I see that gold is under US$300 again. --Mike

To: EricVdP who wrote (1022)	5/7/1998 11:08:00 PM
From: M. Merriam	Read Replies (1) \| Respond to of 1326

Eric, will you be asking your questions during the call tomorrow? You wrote: I don't understand what's in this proposal for the bondholders. The redemption price (at maturity) is already the LOWER of C$5.40 or 95% of the market price, which is a lot lower than C$0.80. So why is reducing the conversion price worth giving up interest for a year? Are the bondholders supposed to be enticed by the upside from C$0.80, even though the indicated yield to maturity on the bonds is now around 65% per annum? Please explain the reasoning behind this proposal. I suspect that they are now proposing the lower of C$0.80 or 95% of the market price, although that was not stated in the release. Otherwise, I cannot see why bondholders would approve it. I hope someone clarifies that tomorrow. Mike