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Gold/Mining/Energy : DYNATEC CORPORATION (TSE & ME - DY) -- Ignore unavailable to you. Want to Upgrade?

To: Scripts who wrote (61)	8/6/1998 9:58:00 AM
From: MrsNose	Respond to of 148

Good morning Ed....I found the confirmation from a UKH press release. UNITED KENO HILL MINES LIMITED TORONTO, Aug. 6 /CNW/ - United Keno Hill Mines Limited announced today that it has accepted a proposal from Procon Mining and Tunnelling Ltd. of Burnaby, B.C. for the provision of contract rehabilitation, development and mining services at the Corporation's Elsa Properties in central Yukon. Earlier, United Keno announced that it had entered into an agreement in principle with Dynatec Corporation under which Dynatec would become operator of a joint venture to reopen and mine the Elsa Properties. However, Dynatec will not be proceeding with that agreement. This is just the first paragraph, but it is the only part that refers to DY, and it does have the info. Now, my question is, is this good or bad news? All the best, Margie

To: Scripts who wrote (61)	8/6/1998 10:00:00 AM
From: MrsNose	Read Replies (1) \| Respond to of 148

And here's Dynatec's news release. No reason given. Dynatec Discontinues United Keno Hill Venture RICHMOND HILL, ONTARIO--Dynatec Corporation ("Dynatec") today announced that the company will not proceed to execute a Joint Venture Agreement with United Keno Hill Mines Limited ("United Keno") for the rehabilitation, development and operation of the mines near Elsa in central Yukon. Dynatec Corporation, based in Richmond Hill, Ontario is a widely held Canadian public company that provides a broad range of services, principally to mineral exploration, mining and refining companies in North America and internationally. Its business is comprised of three divisions: mining services, drilling services and metallurgical technologies. Dynatec trades on both the Toronto Stock Exchange ("TSE") and the Montreal Exchange ("ME") under the symbol "DY". -30- FOR FURTHER INFORMATION PLEASE CONTACT: Dynatec Corporation Alex Daschko General Counsel (905) 780-1980 HYPERLINK dynatec.ca www.dynatec.ca All the best, Margie