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Microcap & Penny Stocks : IKAR Mining Tungsten iron ore gold silver copper cobalt -- Ignore unavailable to you. Want to Upgrade?

To: rharris who wrote (530)	2/11/1999 6:29:00 PM
From: Blayton	Read Replies (2) \| Respond to of 631

"The company ("IKAR") intends to distribute the 6.6 million convertible preferred shares to the beneficial shareholders of Ikar Mineral Corp." Does anyone know who the "beneficial shareholders of Ikar Mineral Corp." are? How much of this purchase will be paid in cash and how much in stock? Given the rise in the stock price, someone must think that this deal increases the value of IKAR, but the question is by how much? Perhaps IKAR will follow up with another press release to clarify the terms of this deal.