Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (17252)	3/31/1999 10:07:00 PM
From: .Trev	Read Replies (1) \| Respond to of 26850

It's all but over. I wonder if we should have a going away party for Aber. I have something I want to add to Gord's quotation on the legal position but I need a bit more time, so I'll do it later. I'M CONVINCED WE'LL WIN ANYWAY/ Sorry for shouting! Cheers P.S. this just came in from WSP. You may have seen it already. =========================================================================== From: Winspear Resources Ltd. (WSP) winspear.com mailto:info@winspear.com --------------------------------------------------------------------------- Re: News Release - Wednesday, March 31, 1999 Winspear to Defend Aber Legal Action =========================================================================== Winspear Resources Ltd. (the "Company") has been served with a Writ of Summons and Statement of Claim issued by Aber Resources Ltd. ("Aber") in connection with the Camsell Lake Joint Venture, NWT. Aber is claiming: (a) a Declaration that Aber has the right to participate in the 1999 Budget and Exploration Program for the Camsell Lake Joint Venture. (b) in the alternative, an order for relief against forfeiture of Aber's right to participate in the 1999 Budget and Exploration Program for the Camsell Lake Joint Venture and the consequences of such forfeiture; (c) Damages for breach of contract; and or alternatively, breach of fiduciary duty; (d) Punitive damages; (e) Special Costs or alternatively Increased Costs or alternatively ordinary costs. The legal proceedings commenced by Aber result from Aber's failure to timely elect in writing to contribute to the 1999 Budget and Exploration Program for the Camsell Lake Property. The Company, on March 3, 1999, delivered a notice to Aber confirming that Aber was deemed to have elected not to contribute to the said program. Aber disputed this position. The Company intends to vigorously defend the action commenced by Aber. Winspear Resources Ltd. Randy C. Turner, P.Geo. President and Director The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. =========================================================================== Copyright (c) 1999 WINSPEAR RESOURCES LTD. All rights reserved. For more information, visit our website at winspear.com or send mailto:info@winspear.com Message sent on Wednesday, March 31, 1999 at 3:31:38 PM Pacific Time =========================================================================== Internet Communication Systems and Services by Adnet Inc....... Facilitating and enhancing your communications through advanced services and technology. Visit us at adnet-inc.net Note this one's for real from the horse's mouth not the SW end.