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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough! -- Ignore unavailable to you. Want to Upgrade?


To: Lilian Debray who wrote (3516)3/13/1999 1:40:00 AM
From: Richard Cushnie  Read Replies (1) | Respond to of 5206
 
Kensington to purchase Nasdaq shell company

Kensington Resources Ltd KRT
Shares issued 24,670,435 Mar 12 close $0.40
Fri 12 Mar 99 News Release
Mr. David Stone reports
Kensington Resources has entered into a preliminary agreement with the
private client group of a major U.S. brokerage firm to purchase a minimum
of a 95 per cent interest in a shell company listed for trading on the
Nasdaq. Following the completion of the acquisition, the companies will
investigate the option of merging. The transaction is subject to final
negotiation of specific terms including the price, completing due diligence
and and obtaining any necessary regulatory approvals.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

Where the hell did that come from?
INFO please!



To: Lilian Debray who wrote (3516)3/13/1999 6:15:00 AM
From: maxed  Read Replies (2) | Respond to of 5206
 
Hi. Lilian. This Nasdaq thing is very interesting indeed. KRT management has had several weeks to look over the first results. Now they are talking to a private client group of a large U.S. brokerage firm. You need alot of cash to start a mine and where better to go than N.Y. and where better to get the exposure than the Nasdaq. " This is pure speculation on my part and is in no way intended to start any rumors, false hopes or an attempt to increase share price. To do so would be a violation of the strict rules of the VSE, a stock exchange known for it high morals and rules against such things. " Eddy.