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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?


To: maxed who wrote (2737)9/17/1998 8:34:00 PM
From: Lilian Debray  Respond to of 5206
 
Tun Aye Sai was President of PAR before Don Nicholson. James Poe is the current president.

On June 8th, 1998 Kensington Resources received 87,500 shares of PAR for a debt of $35,000.00 (rights to the reports on the properties in China). Those shares could have been sold between $0.50 and $0.63 on good volume in the week of July 10th, if KRT management was paying attention, and again up to $0.50 on August 18th .

As far as I know, they still hold most of the 400,000 shares they got last October but I have not looked into it for a few months now.



To: maxed who wrote (2737)9/17/1998 8:47:00 PM
From: Lilian Debray  Respond to of 5206
 
Did anyone else appreciate the humor?

Wednesday, August 19, 1998

Response To Resulting Rumours And Concerns Expressed
By Its Shareholders

PAN ASIA MINING CORP ("PAR-V") - Response To Resulting Rumours And Concerns Expressed - By Its Shareholders

In response to news releases, published by Stockwatch without the knowledge or consent of the Company, the Company wishes to respond to resulting rumours and concerns expressed by its shareholders that:

1. it has had difficulty with securities regulators;

2. that these difficulties led to the temporary halt in trading in the

Company's shares on the Vancouver Stock Exchange on Monday, August 17,

1998; and

3. that the Company in some way aided Gary Stanhiser or Excel Asset

Management in alleged securities law violations.

These rumours are completely false.

It was coincidence only that recent articles concerning Excel Asset Management occurred at the same time as trading in the Company's shares was halted pending announcement of a major financing.

On Friday, August 14, the Company requested that trading in its shares be halted pending a material announcement regarding financing of the Company.

This announcement of financings totalling Cdn $6.72million, was made on Monday, August 17 and, on Tuesday, August 18, the Company requested that trading in the Company's shares resume. Trading resumed.

The Company is proud of its record of regulatory compliance and its positive working relationship with the Exchange. At no time has there been, nor is there now, any BC Securities Commission or Exchange investigation into the Company's affairs.

The Company is continuing to work with regulatory bodies and the Exchange to build and to grow for the future. TEL: (604) 608-6686

Mr. James Poe, President

______________________________

(c) Corporate Dissemination Services Inc. All rights reserved.

Tel:(604) 689-1101

Fax:(604) 689-1106

RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.