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Gold/Mining/Energy : Cartaway resources -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (1910)	7/22/1998 7:28:00 AM
From: wayne cath	Read Replies (1) \| Respond to of 2505

says First Marathon's Cartaway release called misleading Cartaway Resources Corporation CWA Shares issued 37,914,563 Jul 21 close $0.12 Wed 22 Jul 98 In the News See Alberta Stock Exchange (ASE) In the News The Globe and Mail reports in its Wednesday, July 22, 1998 edition that Alberta Securities regulators have accused two senior officers of Cartaway Resources and a former First Marathon Securities official of misleading the public two years ago by issuing a news release saying the company had found indications of nickel. The Globe's Karen Howlett writes that the May 16, 1996, news release caused a sharp run-up in Cartaway's share price. However, the bubble burst when Cartaway announced drilling results the following day that showed little promise for a mineral find on the property near the Voisey's Bay nickel discovery in Labrador. The shares plunged to $2.76 from $26 on the Alberta Stock Exchange. Alberta regulators say the release was prepared by Cartaway president John Ivany, a lawyer who has spent his career in mining. Walter Nash, Cartaway's vice-president of exploration, was the only person accused of illegal insider trading in connection with Cartaway. Michael Stuart was the First Marathon employee involved with the release. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwa