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Gold/Mining/Energy : BRO-X MINERALS (C.BXO) -- Ignore unavailable to you. Want to Upgrade?

To: the Chief who wrote (316)	3/20/1999 9:03:00 AM
From: maps	Read Replies (1) \| Respond to of 363

This is the number and address Alan posted December 12th Thomas P. Devlin Bro-X Minerals Ltd. Tel: (403) 543-7070 Fax: (403) 543-7085 Will be interested to hear their plans regards maps

To: the Chief who wrote (316)	3/22/1999 12:42:00 PM
From: alan holman	Respond to of 363

To: alan holman (275 ) From: Lalit Jain Tuesday, Sep 29 1998 5:30PM ET Reply # of 317 MACDONALD OIL MERGER WITH BRO-X MINERALS Article #: 24014 Date: 9/29/98 2:36:40 PM Dateline: TORONTO, ONTARIO Stock Symbol: MACO Wire: ISDN PricewaterhouseCoopers Inc., the Interim Receiver-Manager of Bresea Resources Ltd. (" Bresea") will seek Court approval for the disposition of the interest of Bresea in Bro-X Minerals Ltd. ("Bro-X"). The Interim Receiver-Manager intends to make application to the Court for the winding-up of Bro-X. Bro-X has presently issued and outstanding 22 million common shares and 2 million preferred shares convertible into 2 million common shares and redeemable at $1 each. Bresea owns all the Bro-X preferred shares and 22.7% of its common shares. On September 11th, 1998 Bro-X and MacDonald Oil Exploration Ltd. (CDN-MACO) ("MacDonald Oil") signed a letter of intent to seek all requisite approvals to merge. Under the terms of the letter of intent the holders of Bro-X's 22 million common shares would receive 11 million shares and 5.5 million warrants of the merged company and Bresea's 2 million preferred shares of Bro-X would become convertible into 8 million common shares of the merged company, while maintaining their $2 million preference in its assets; the holders of MacDonald Oil's 18 million common shares would receive 18 million shares and 18 million warrants of the merged company. All warrants would be exercisable at $0.25 at any time within 12 months of their issue. MacDonald Oil now holds a 30% interest in Block 22, the single largest onshore hydrocarbon exploration concession in the Republic of Cuba, comprising 9,900 square kilometres. Earlier this summer MacDonald Oil announced its agreement to farm-out a 70% operating interest in Block 22, to Genoil Inc., a subsidiary of Beau Canada Exploration Ltd. An initial seismic program identified at least four potential drilling prospects which will be detailed with a further seismic program that commenced earlier this month. An initial exploration well is scheduled for the second quarter of 1999. Bro-X's only significant asset is approximately $930,000 cash, which has continued to be held by the Court and PricewaterhouseCoopers Inc. since Bro-X's own protection from its creditors under CCAA terminated on November 1st, 1997. The company's subsequent requests for the return of funds from the Court have not been acted upon . On Friday, September 18th, 1998 PricewaterhouseCoopers Inc. served Bro-X with a demand that it repurchase 860,000 of its preferred shares for $860,000. Bresea's Interim Receiver-Manager was to have appeared before the Court for further instructions, on Friday, September 25th, 1998. As the assigned Judge was presiding at another trial, the Bresea hearing was postponed to a date yet to be determined. -30- Frank C. Smeenk MacDonald Oil Exploration Ltd. Tel: (416) 865-1625 Fax: (416) 865-9386 Thomas P. Devlin Bro-X Minerals Ltd. Tel: (403) 543-7070 Fax: (403) 543-7085 No regulatory authority has approved nor disapproved the content of this news release. isdnwire.com Next Previous

To: the Chief who wrote (316)	3/22/1999 12:47:00 PM
From: alan holman	Respond to of 363

To: the Chief (267 ) From: alan holman Wednesday, Sep 16 1998 10:06AM ET Reply # of 318 To: +alan holman (0 ) From: +alan holman Wednesday, Sep 16 1998 10:03AM ET Reply # of 960 To all supporters of the BSR Group of Shareholders, advertisements similar to the following are appearing in newspapers all over Canada. The executive committee of the BSR group intends to propose that PricewaterhouseCoopers select one of our members for nomination to the advisory committee. If you are willing to accept one of us as your representative in this matter AND if you have NOT "signed up" with one of the class-action lawsuits (and thus excluded yourself from our representation) would you kindly contact Rod Steel as soon as possible. This is the best chance we have yet to influence the recovery of Bresea and return it to active trading status. Regards, Rod Steel Secretatry, Executive Committee BSR Group of Shareholders 1-800-334-4922 (alt ph: 503-620-4000, fax: 503-968-6733, e-mail: rod.steel@officetower.com) ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ BRESEA RESOURCES LTD. PricewaterhouseCoopers Inc., as Interim Receiver and Manager of Bresea Resources Ltd., (the "Receiver") has recommended to the Alberta Court of Queen's Bench the establishment of an advisory board representing the interests of Bresea shareholders. The purpose of the advisory board is to provide input from Bresea shareholders to the Receiver in connection with the governance and affairs of Bresea and possible settlement discussions in connection with the current and potential claims and litigation by and against Bresea. The Receiver has advised the Alberta Court of Queen's Bench that it will propose a slate of candidates for the Bresea advisory board in a motion to be heard by the court on September 25, 1998. The Receiver is seeking current substantial shareholders of Bresea who have an interest in joining, or appointing representatives to join, the proposed Bresea advisory board. It will be the recommendation of the !!!!!!!!!!!!!!!!!!!!!!!!! I HAVE TO GET THE REMAINDER RE-SENT TO ME SO I CAN FINISH POSTING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Sincerely, Al Holman.

To: the Chief who wrote (316)	3/22/1999 12:50:00 PM
From: alan holman	Read Replies (2) \| Respond to of 363

RECONSIDERATION MOTION FILED; MORE HEARINGS HELD; TRIAL DATE EXPECTED The pace of the Bre-X/Bresea shareholder litigation has quickened. Within the past month, the Court has held one hearing on a key defense argument and scheduled a second hearing that will, among other matters, establish a trial date. The Court also now has before it a written request from Lead Counsel that the Court reconsider a previous ruling that dismissed most Canadian plaintiffs from the case. On February 5, Lead Counsel asked that the Court reconsider its earlier ruling that the Court lacks jurisdiction over the claims of Canadian shareholders. According to the request, the Court's decision on January 8 did not consider important evidence showing that Canadian shareholders directly relied on misstatements made in the U.S. when buying their Bre-X stock. In its decision, the Court indicated that no such evidence existed. "I believe our motion for reconsideration is persuasive and well-reasoned," said Lead Counsel Lee Godfrey. "Hopefully, the Court now sees that there is evidence in the record of misstatements from the U.S. impacting Canadian shareholders." A copy of the motion for reconsideration is available on this web site under the link marked "pleadings." Several defendants have filed responses opposing the motion. A ruling from the Court is expected in the near future. On February 12, the Court heard oral argument on the personal jurisdiction defenses of defendants Bresea, Kilborn Engineering, SNC-Lavalin, PT Kilborn Pakar Rekayasa, Paul Kavanagh, John Thorpe, Hugh Lyons, Rolando Francisco, Stephen McAnulty, Jeannette Walsh, and the Estate of David Walsh. Each defendant claimed either that they cannot be legally sued in the U.S. or that Texas is not a fair forum. Lead Counsel Paul Yetter responded to these arguments on behalf of the shareholder class. Yetter argued that those defendants who were directors and/or officers of Bre-X -- the Walshes, McAnulty, Francisco, Lyons, Thorpe, and Kavanagh -- exercised considerable control over Bre-X's activities and were also responsible for misstatements that influenced the U.S. investing public. Yetter also argued that defendant Bresea, who owned 23% of Bre-X's common stock, exercised significant control over Bre-X through overlapping board members. Finally, Yetter urged the Court to reject the defendants' fairness arguments, citing both prevailing authority allowing personal jurisdiction in similar situations and the fact that many of the defendants have extensive contacts throughout the U.S. The Court indicated that a ruling on personal jurisdiction defenses would be issued in the coming weeks. Shortly after the hearing, the Court notified the parties that a management conference would be held on March 23. The purpose of the management conference is to determine the future scheduling of the case, including setting firm dates for completing discovery, for filing various motions, and for trial. All parties are required to be represented at the conference. The case will develop rapidly after the management conference, observed Yetter. "I think we will be preparing to be ready for trial by early next year. We will ask Judge Folsom for a trial date within 12 months," he said. Yetter and Godfrey anticipate taking a significant amount of discovery from the defendants. "Our discovery will be intended to establish what our clients have wanted to know since the spring of 1997," said Godfrey. "Who knew what, and when?"