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Gold/Mining/Energy : Northern Abitibi Mining (NAI-ASE) -- Ignore unavailable to you. Want to Upgrade?


To: wayne cath who wrote (492)7/2/1998 8:51:00 AM
From: Zardoz  Read Replies (1) | Respond to of 773
 
Hey Wayne, you ever get that feeling that nothing is ever going to happen... Well at least some news.

Settlement of legal action against Hymex

Northern Abitibi Mining Corp
NAI
Shares issued 22,799,405
1998-06-29 close $0.38
Wednesday Jul 1 1998
Also Hymex Diamond Corp (HMD)
Ms. Barbara O'Neill reports
Further to news in Stockwatch on March 3, 1998, Hymex Diamond Corp. has
paid to Northern Abitibi Mining $25,000 (U.S.) for the purpose of obtaining a
further three month extension to the closing of the settlement of Northern Abitibi's
legal action against Hymex and International Mining Co., S.A.
In settlement of the legal claim, Northern Abitibi will receive 500,000 shares of
Hymex and $250,000 (U.S.) cash as payment to purchase a loan receivable in
that amount, payable with interest on closing. Northern Abitibi has been advised
by Hymex that the closing will be on or before Sept. 30, 1998.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com