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Microcap & Penny Stocks : ALDM - Anyone know anything about this company? -- Ignore unavailable to you. Want to Upgrade?

To: Sapper MSG who wrote (325)	7/15/1998 5:06:00 PM
From: michael john stout	Read Replies (1) \| Respond to of 381

Hi, everybody. Another day of the mms messing with the price. So what else is new? This is a chance to buy. I'm trying to free up some money to get some shares. Nobody panic. If we can all just hold on to our shares we will be all right. I will be reclaiming my shares sometime this week. I also have a few friends who hold shares and am confident that together we can have some impact. I know it's been said here before, but everybody who believes in the company's assets (and we have no reason to not believe them) should view this as a buying opportunity and HOLD shares they already own. If the mining concessions are valid, there's no stopping this thing, especially if we call in our shares. I'm not impressed with them pulling off a puny little trade at 47 cents to make it look like it's worse than it is. We'll see what they do when we call in our shares. Good luck to everybody and thanks to Robert for the great post!

To: Sapper MSG who wrote (325)	7/16/1998 11:46:00 AM
From: JOEY	Read Replies (1) \| Respond to of 381

Alpha Diamond Corp. Clarifies Announcement Regarding Dividend, Capital Stock Restructure and Name Change TORONTO--(BUSINESS WIRE)--July 16, 1998--ALPHA DIAMOND CORP. (OTC BB:ALDM, AFRI) announced today that the corporation's name is now AFRICAN RESOURCES, INC. The trading symbol for the Company will also change to AFRI. The capital stock of the corporation has been changed to include two classes of Common Stock and two classes of Preferred Stock. Common Share Stockholders are advised to exchange their certificates evidencing Common Shares of ALPHA DIAMOND CORP. for Class B Common Shares of AFRICAN RESOURCES INC. immediately. The exchange is to be effected on a One Common Share of ALPHA DIAMOND CORP. for one Class B Common Share of AFRICAN RESOURCES, INC. Under the terms of the stock dividend, Stockholders of record will receive One Class A Preferred Share of AFFRICAN RESOURCES, INC. for each Common Share of ALPHA DIAMOND CORP. To Qualify for the stock dividend, Stockholders must convert their current Common Shares into the new Class B Common Shares of AFRICAN RESOURCES, INC. on a one for one basis. Further details of the transactions shall be outlined in a shareholder mailing and will also be posted on the Company's Website at www.africandiamonds.com. Shareholders are advised to contact the company directly should they have any questions or concerns at 1-800-216-5334 or email the Company through its website. Rick Brodzik, president of AFRICAN RESOURCES,INC. stated, "The Company's cancellation of the joint venture with Angola Diamond Company and the accompanying dividends are completely separate from the preferred shares stated herein. African Resources, Inc. is structuring itself for a dynamic new fiscal year as all licenses, permits and necessary paperwork are in place for its mining project on the Konkoure River, Guinea, West Africa. The Company management's opinion of the potential profitability of this site dictates that it will be focusing exclusively in Guinea. The Company expects to be in production this fall once the rainy season has ended. Furthermore, due to the interest received from Europe, the Company has undertaken to have its Website posted in several languages." This press release includes statements which may constitute forward looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which would cause or contribute to such differences include, but are not limited to factors detailed in the Company's Securities and Exchange Commission filings. CONTACT: African Resources, Inc. 561/833-5560 www.africandiamonds.com KEYWORD: NEW YORK BW0090 JUL 16,1998 8:00 PACIFIC 11:00 EASTERN