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Gold/Mining/Energy : Trillion ResourcesTLQ -- Ignore unavailable to you. Want to Upgrade?

To: wayne cath who wrote (33)	9/9/1998 7:36:00 PM
From: wayne cath	Read Replies (1) \| Respond to of 67

Oliver and Trillion to merge Trillion Resources Ltd TLQ Shares issued 22,364,500 Sep 8 close $0.51 Wed 9 Sept 98 News Release See Oliver Gold Corporation (OGO) News Release Mr. Lawrence Nagy reports Trillion Resources Ltd. and Oliver Gold Corporation have agreed to a merger of the two companies. Management of each company has agreed to actively support the merger proposal which will be presented to the shareholders of each company for their approval prior to year end. The merger, following completion of due diligence reviews and the execution of definitive agreements, will be subject to completion of an independent valuation, receipt of fairness opinions and judicial, regulatory and shareholder acceptance. The exchange ratio will be determined following receipt of valuations and the merger will be subject to the acceptability of such ratio to the boards of each company. The board of directors of the merged company will include representatives of both Oliver and Trillion. The merger will combine the joint venture interest of Oliver in the Segala gold project in Mali with Trillion's interest in that project and the merged company will also hold interests in the Ndarama and Jena mines in Zimbabwe. As part of the merger negotiations, Oliver has agreed, subject to regulatory approval, to lend to Trillion $500,000 for short-term working capital purposes, such amount to be secured against Trillion's interest in the Segala gold project. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com