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Gold/Mining/Energy : RIS Resources International Corp, RIS-V -- Ignore unavailable to you. Want to Upgrade?

To: Brian Diggle who wrote (193)	10/7/1998 8:51:00 PM
From: Brian Diggle	Read Replies (1) \| Respond to of 250

An RIS email I received today (with all it's warts). From: "David Russell" <david@RIS-Resources.com> To: <bdiggle@onlink.net> Date: Wed, 7 Oct 1998 13:51:37 -0700 X-MSMail-Priority: Normal X-MimeOLE: Produced By Microsoft MimeOLE V4.72.2106.4 X-UIDL: ec7cb558ffb1a335586d4e31514827cc Brian I realize that the last news release was more than confusing. As you may have noticed, it was written entirely in "Legal-ese". In fact the original deal called for 25% now, 25% later. This was renegotiated some time ago to be total of 40% as one package, one payment (no "later"). This is the deal that ended with the Sept 30 deadline. In fact the deal back on the table is again, 25% now, 25% later, total 50%. We believe this is a much better deal for RIS (less capital required up front, greater ownership % in the end). I can assure you that the deal is still very much on the table, and very much alive. Unfortunately deals like this always take longer that we all wish, and a deal this size in this market has to be negotiated and renegotiated until it works for everyone before it goes ahead. Best regards David Russell <!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN"> <HTML> <HEAD> <META content=text/html;charset=iso-8859-1 http-equiv=Content-Type> <META content='"MSHTML 4.72.2106.6"' name=GENERATOR> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT color=#000000 size=2>Brian</FONT></DIV> <DIV><FONT color=#000000 size=2>I realize that the last news release was more than confusing. As you may have noticed, it was written entirely in "Legal-ese".</FONT></DIV> <DIV><FONT color=#000000 size=2>In fact the original deal called for 25% now, 25% later. This was renegotiated some time ago to be  total of 40% as one package, one payment (no "later"). This is the deal that ended with the Sept 30 deadline. </FONT></DIV> <DIV><FONT color=#000000 size=2>In fact the deal back on the table is again, 25% now, 25% later, total 50%. We believe this is a much better deal for RIS (less capital required up front, greater ownership % in the end).</FONT></DIV> <DIV><FONT color=#000000 size=2>I can assure you that the deal is still very much on the table, and very much alive. Unfortunately deals like this always take longer that we all wish, and a deal this size in this market has to be negotiated and renegotiated until it works for everyone before it goes ahead.</FONT></DIV> <DIV><FONT color=#000000 size=2>Best regards</FONT></DIV> <DIV><FONT color=#000000 size=2>David Russell </FONT></DIV></BODY></HTML> Yours truly, Brian Diggle

To: Brian Diggle who wrote (193)	11/4/1998 9:00:00 PM
From: Brian Diggle	Read Replies (1) \| Respond to of 250

An email sent to RIS Resources, I'll keep this thread informed of what response, if any, I get. Did the Deal with Western finally close on Oct 31? I can't find any news release regarding this matter on CNW or on your Web Site? If not, are you negotiating with WESTERN for yet another extension, or, are you re-thinking your corparte strategy. As an investor, I have liked your investment in UP & PNEG but I have been lukewarm on the investment (with borrowed money) on a pipeline system. This constant uncertainty is depressing the stock price. Either close the deal or get out of it. Yours truly, Brian Diggle