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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: David Coakley who wrote (5942)	8/12/1998 12:02:00 PM
From: trenzich	Read Replies (1) \| Respond to of 6735

Did ya hear Solv-Ex Corp. Emerges From Chapter 11 Reorganization Dow Jones Newswires ALBUQUERQUE, N.M. -- A bankruptcy court issued orders to complete Solv-Ex Corp.'s emergence from Chapter 11 bankruptcy. In a press release Wednesday, Solv-Ex said the court will retain jurisdiction over certain administrative matters, pending creditor payment distributions and costs associated with completing Chapter 11 proceedings and entry of a final ruling. The company said its court-approved reorganization plan provides for the issuance by certificate exchange of one share of new common stock for each existing share held by shareholders of record Oct. 1. Solv-Ex said the court also set a Dec. 1 deadline to complete the exchange. The company said each shareholder is also entitled to receive a warrant to purchase one share of new Solv-Ex common stock for each three shares held Oct. 1 for $10 a share over two years.