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Gold/Mining/Energy : Lyon Lake Mines Ltd -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (465)	2/20/1999 1:19:00 PM
From: Lilian Debray	Read Replies (1) \| Respond to of 520

Lyon Lake consolidated shares to start trading on ME and VSE Lyon Lake Mines Limited LLL Shares issued 43,121,814 Feb 16 close $0.20 Wed 17 Feb 99 News Release Also Palmer Resources Ltd (PMD) Mr. Guy Hebert reports The company's arrangement with Palmer Resources Ltd. has received final approvals from the authorities having jurisdiction. The consolidated shares of the company will start trading on the ME and VSE on the basis of one new share for each two old shares at the opening of business on Friday, Feb. 19, 1999. Registered shareholders of the company will receive within the next few days a letter of transmittal to be returned to Montreal Trust Company in order to receive new consolidated share certificates. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com Lyon Lake Mines Limited - Lyon Lake arrangement agreement with Palmer; Palmer VSE delisting Lyon Lake Mines Limited LLL Shares issued 43,121,814 1999-02-10 close $0.205 Thursday Feb 11 1999 Also Palmer Resources Ltd (PMD) The VSE has been advised that the shares of Palmer Resources Ltd. have been exchanged for shares of Lyon Lake Mines Ltd., currently listed on the ME, in accordance with an arrangement agreement dated Dec. 22, 1998 which has been approved by the shareholders of both companies. Pursuant to the arrangement: 1. The issued and outstanding Lyon Lake shares shall be consolidated on the basis of two Lyon Lake shares for one new Lyon Lake share. 2. Palmer shall be continued under the CBCA under the name of Palmer Mineral Resources Ltd. 3. Each Palmer shareholder (other than dissenting shareholders) shall be entitled to Lyon Lake shares on the basis of one new Lyon Lake share for each Palmer share. Trading symbol: LLL Cusip No: 552031 50 2 Shares issued: 38,687,925 shares Effective at the opening Feb. 12, 1999, the shares of Palmer Resources Ltd. will be delisted and the consolidated shares of Lyon Lake Mines Ltd. will be listed, but will not commence trading, until Lyon Lake Mines Ltd.'s plan of arrangement is effective on the ME. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com