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

To: M. Merriam who wrote (1027)	5/7/1998 1:08:00 PM
From: Brad Humphrey	Respond to of 1326

Hi Mike, The TSE does not feel we were clear enough in our release yesterday. So we just released the following clarification. Trading should resume shortly. Thank you, Brad Humphrey William Resources Inc. **************** 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 CLARIFICATION TO THE MAY 6, 1998 PRESS RELEASE ON THE CONVERTIBLE DEBENTURES William announces a clarification to its previous press release relating to a restructuring of its convertible unsecured subordinated debentures. William announced in the previous press release that the restructuring, when approved, would release William from its obligation to pay debenture interest for one year (May 20, 1998 and November 20, 1998 payments). William will therefore not be making the interest payment due on May 20, 1998. Contact: Stan Bharti, President or George Faught, Senior Vice President, Finance Tel: (416) 861-9500 Fax: (416) 861-8165