Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: saul mikaliukas who wrote (3258)	1/30/1999 2:40:00 AM
From: Terence Mitchell	Respond to of 5206

Hi Saul, ...It is certainly better to be a KRT creditor than a KRT shareholder and it would be really interesting to know who the creditors are or were!!!! forgive my impertinence, but tell me, in the case of someone who has no money, no assets (other than perceived) I don't really see any advantage to being one or the other. Perhaps I'm missing something or misunderstood the comment.! regards, Terence Mitchell

To: saul mikaliukas who wrote (3258)	1/30/1999 10:32:00 AM
From: Lilian Debray	Read Replies (1) \| Respond to of 5206

1,600,001 shares for a single $160,000 loan ($.10/share)? KENSINGTON RESOURCES LTD. ("KRT") NOTICE TYPE: Shares for Debt NOTICE DATE: January 7, 1999 The Vancouver Stock Exchange has accepted for filing the Company's proposal to issue 1,341,991 shares at a deemed price of $0.15 per share to settle outstanding debt as follows: Creditor Price Shares Amount Owing Camvest Holdings Inc. (Campbell D. Gardiner) $0.15 1,066,667 $160,000.00 G. Clive Newall $0.15 91,719 $13,757.83 Bailey Geological Consultants (Cda) Ltd. (David Bailey) $0.15 51,937 $7,790.49 CM Oliver & Company Ltd. $0.15 131,668 $19,750.27 The Company shall issue a news release when the shares are issued and the debt extinguished. vse.ca KENSINGTON RESOURCES LTD. ("KRT") NOTICE TYPE: Issuance of Share Purchase Warrants NOTICE DATE: January 7, 1999 The Vancouver Stock Exchange has approved the issuance of 426,667 non-transferable warrants convertible into common shares of the Company at a price of $0.15 per share for a period of sixteen (16) months to Camvest Holdings Ltd. (Campbell D. Gardiner, as to 320,000 warrants) and David H. Stone (as to 106,667 warrants) pursuant to a loan arrangement of June 1997. The issuance is in consideration of a non-interest bearing loan in the amount of $160,000. _____________________________________ vse.ca