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

To: GWalker who wrote (3872)	2/11/1999 8:41:00 AM
From: Dusty	Respond to of 4057

GWalker, Do you suppose those mentioned are attached to some of the company officers? Parish the thought. Perhaps some of you folks in Canada could check this out? Thanks for the post. Dusty

To: GWalker who wrote (3872)	2/11/1999 12:21:00 PM
From: Steve Stakiw	Read Replies (3) \| Respond to of 4057

Response to GWalker from Joe Kizis. Posted on behalf of Joe Kizis by Steve Stakiw. To: GWalker From: Joe Kizis, President of Fairmile Gold Corp. It will not normally be my policy to respond to comments containing vulgarities on this thread; however, I do want to correct gross misinformation when posted. Two of your comments deserve a response. First, careful reading of the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS reveals that Related Party Transactions include reimbursement for expenses (which are substantial and includes travel expenses, field supplies, and office supplies and expenses) as well as payment for our services to the Company. Fairmile does not directly own or rent vehicles, office equipment or office space; these are provided through our consulting agreements, providing substantial savings to Fairmile. Several of the Related Party Transactions were with companies and directors no longer associated with the Company, and the Company announced additional cutbacks in overhead last month. All overhead positions were evaluated and either reduced or eliminated. Related Party Transactions for the Fiscal Year ending May 31, 1999 will be significantly lower, as Mike Mackey and I are the only directors currently consulting to the Company. Perhaps you would like to recommend competent professionals who would like to run your company for free? Second, your comment regarding three companies holding over 93% of Fairmile is not correct. CDS & Co. holds shares for Canadian investors who do not have their shares registered in their own name. CEDE & Co. holds shares similarly for U.S. investors. ROYCAN & Co. is Royal Bank, who holds shares in trust for some of its clients.