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Gold/Mining/Energy : First Telecom FTL-VSE -- Ignore unavailable to you. Want to Upgrade?

To: Hart who wrote (14)	2/18/1999 6:46:00 PM
From: Jesse	Respond to of 127

First Telecom trading halt continues First Telecom Corp FTL Shares issued 2,366,686 Feb 11 close $0.85 Thu 18 Feb 99 Halt Trading Trading in the company's securities will remain halted pending determination if the announcement dated Feb. 17, 1999 (Stockwatch, Feb. 18) constitutes a reverse takeover. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com -------------------------------- -------------------------------- If it is an RTO, it could mean a sustained halt... (only meaning a delay to trade, which isn't bad news, just illiquidity! ;) Ciao, -j :>

To: Hart who wrote (14)	3/1/1999 11:08:00 PM
From: Veteran98	Read Replies (3) \| Respond to of 127

Trading should resume shortly Looks like the VSE is not going to be looking at this deal as an RTO, rather they have deemed the deal an extraordinary large transaction which would require that a broker sponsor the company. FTL has a sponsorship agreement with Global which the VSE will review and FTL should be back trading by Wednesday or by the end of the week at the latest. The private placement was approved and as a matter of fact has been oversubscribed by 300% , looks like there will be quite a demand for FTL when trading resumes. Go FTL!!!!