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Gold/Mining/Energy : vescan equities -- Ignore unavailable to you. Want to Upgrade?

To: AuFingr who wrote (289)	2/10/1999 11:58:00 PM
From: snorkel	Read Replies (1) \| Respond to of 328

Yes, I got the same mail. EVERYONE SHOULD CALL MR TIM AND LET HIM KNOW WHATS GOING ON.

To: AuFingr who wrote (289)	2/13/1999 11:46:00 AM
From: Trevor R. Teed	Read Replies (1) \| Respond to of 328

Hi Folks: I will be surprised if Vescan ever comes back to trade. Vescan and some of its affiliated private companies blew through British Columbia and the Northwest Territories and left a legacy of nearly $1,000,000.00 in debt. Some of the affiliated companies bought mineral claims in the NWT and resold them to VCAN. In some cases $5,000.00 was paid to prospectors by a private company and that company then resold the property to Vescan for over $100,000.00. In some cases VCAN and the private companies had common directors but usually the people could be considered friends/associates of VCAN. Another associated public traded company was Winchester Mining Corp.(NASDQ). This stock soared to over $25.00 US and dropped to 0.01 within a few months. Same people again and involved with the same properties. VCAN will also soon inherit a environmental liability in the NWT. The liability may cost directors past and current a $5,000.00 a day fine once DIAND delivers a clean up notice. This notice may be delivered as early as April 99. Ross Macdonald was at one time a president of VCAN. He was associated with the original group. Tim Coupland almost climbed on board about one year ago, but I believe he never offically signed up. Lonnie Hayward was behind the scene looking after family interests but was not a part of the board at that time either. Lonnie and Tim visited Yellowknife over one year ago and looked at the possibility of a debt consolidation. There was too much owed and they believed VCAN would never pass an audit. They also did not see much chance of the creditors ability able to collect. Following the visit of Tim and Lonnie to Yellowknife, I understand 38,000,000 shares of VCAN were issued to an individual who was involved behind the scene. Maybe that would explain all the paper on the last run. The people who benefited most from the Vescan and Winchester stock runs were not the directors. In both runs I believe the directors were duped by the major share holders who operated behind the scenes. These were the people who whaled out the stock, pocketed the cash and watched the directors take the heat. I think court challenges will go no where. Trevor