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Gold/Mining/Energy : Stanford Oil & Gas (SOG was STB) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (93)	5/15/1998 11:23:00 PM
From: dale w ruckle	Respond to of 196

n - Busby files $1.25-million suit over Mexican villa Stanford Energy Corporation STB Shares issued 24209418 1998-04-30 close $0.56 Friday May 1 1998 See Hilton Petroleum Ltd (HTP) Street Wire by Brent Mudry Stock promoter Don Busby's Boone Petroleum has filed a $1.25 million suit against a Mexican company over the purchase of a luxury villa in Puerto Vallarta. In an endorsed writ of summons filed April 17 in B.C. Supreme Court, Boone asserts a claim on 480,000 shares of Hilton Petroleum, currently worth $840,000, 140,000 shares of Benz Energy, worth $248,000 and 300,000 shares of Stanford Energy, worth $162,000. Court-filed documents note Boone held 12 Hilton certificates, for an average of 40,000 shares each, seven Benz certificates, averaging 20,000 shares and six Stanford certificates, averaging 50,000 shares. The certificates are all sequentially numbered. Boone claims it is the owner of the certificates, which were pledged to Coco's International P.V. S.A. de C.V. as security in the October 8 villa deal. The writ notes the pledge coincided with a $996,000 (U.S.) promissory note issued to Coco's by a shell company called QDM SA de C.V. Using the share pledge and the promissory note, QDM bought the villa, known as "Quinta del Mar," from Coco's. The writ notes that Boone and QDM intend to commence litigation in Mexico and Colorado against Coco's and its representatives relating to an unspecified dispute over the luxury villa. The B.C. action seeks an interim injunction to freeze the shares. Montreal Trust is also named as a defendant. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)