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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: Bob Fairchild who wrote (1122)	1/22/1999 3:58:00 PM
From: blue5star	Respond to of 2522

I believe it's somewhere around the 95 percent of share ownership required on TSE before minority shareholders can be forced out,ie tender to offer. perhaps someone else can help on this one.

To: Bob Fairchild who wrote (1122)	1/25/1999 8:59:00 AM
From: Ross Orr	Read Replies (2) \| Respond to of 2522

Hi Bob, Thought I would shed some light on your question. Anybody has the ability to privatize at any time given 2 things happen. First the company must get an independent evaluation or fairness opinion done by an outside source. It would be virtually impossible to hide from them a material fact such as a diamoniferous pipe in Mauritania. Secondly they can only offer you a price for youer shares. It still remains your decision as to whether you accept the offer or not. I think that Serge would be more apt to accept a bid from someone else. 16 million shares X ? is a lot of money. Ross Orr