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

To: average joe who wrote (3247)	1/29/1999 12:20:00 PM
From: Ross Mickey	Read Replies (1) \| Respond to of 5206

I never saw this posted on the thread. These shares are available now for sale at a quick double. January 15, 1999 NEWS RELEASE Kensington Resources Ltd. (the "Company") reports that it has completed a shares for debt arrangement with four creditors announced October 26, 1998. A total of 1,341,991 common shares were issued at a deemed price of $0.15 per share to four creditors in satisfaction of indebtedness totalling $201,299. The shares issued pursuant to the debt settlement will not be subject to a hold period in British Columbia as the debts became due more than four months ago. The Company also reports that it has issued an aggregate of 426,667 non-transferable share purchase warrants convertible into common shares of the Company at a price of $0.15 per share for a sixteen month period as a bonus pursuant to a loan arrangement. Any shares issuable pursuant to the exercise of the share purchase warrants will not be subject to a hold period in British Columbia as the loan was made to the Company more than eighteen months ago. ON BEHALF OF THE BOARD OF DIRECTORS OF KENSINGTON RESOURCES LTD. (signed) "David H. Stone" David H. Stone President TRADING SYMBOL: KRT.V © Kensington Resources Ltd. All Rights Reserved.