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Gold/Mining/Energy : Channel Resources (CHU T) -- Ignore unavailable to you. Want to Upgrade?

To: John Stokes who wrote (15)	7/3/1998 5:58:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 29

guess I had better reread the news release from Solomon..maybe that is conditional and so eet would have only 8 million

To: John Stokes who wrote (15)	7/3/1998 6:31:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 29

I am confused by the release..ie acquires not less than 51 percent.. is it worded to mean not including solomon's shares? olomon Resources Limited SRB Shares issued 27,684,280 1998-06-25 close $0.2 Friday Jun 26 1998 The VSE has accepted for filing an agreement dated June 4, 1998 between Etruscan Resources and the company, whereby the company has agreed that if Etruscan successfully completes the takeover bid and acquires not less than 51 per cent of Channel Resources and controls Channel's board of directors on or before Dec. 31, 1998, the company will terminate its rights in a July 1, 1996 agreement with Channel relating to the Bombore property in Burkina Faso, West Africa. Consideration is the receipt of 1,069,519 Etruscan shares and 534,760 Etruscan warrants exercisable at $4.49 per share for two years after closing. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com