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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (1190)	4/12/1999 10:01:00 PM
From: Natedog	Read Replies (1) \| Respond to of 1326

Anybody know whats happening next? 16,ooo,ooo big ones trading today. Regards WILLIAM RESOURCES REACHES AGREEMENT WITH SECURED LENDERS TO TERRA MINING TORONTO, ON-- William Resources Inc. (the "Company") has entered into an agreement with its lenders under certain loan facilities for Terra Mining AB, the owner of the Bjorkdal operations in Sweden, pursuant to which the lenders will not seek repayment of the outstanding debt of US$31.1 million prior to December 31, 1999, on certain conditions. The agreement has been negotiated and entered into in response to demand letters for payment of principal and interest under the respective loan facilities. The agreement provides that the lenders will assume control of Terra. In consideration, the lenders will release the guarantees, provided by the Company, of the obligations due under the loan facilities. During the period up to May 15, 1999, the lenders may not sell Terra or the underlying assets unless the sale yields an amount sufficient to satisfy the debt in full. Any sale during such period will be subject to a right of first refusal on the part of the Company that would require the Company to match the sale price and pay reasonable break up fees. Any residual interest, if the sale occurs prior to December 31, 1999, would be paid to the Company. The Company may at any time repay the loans in full. The decision was taken by the Company after careful deliberation and taking into consideration a number of factors, including Terra's immediate cash requirements and the advantages of obtaining releases while maintaining residual interests in the companies and assets. The lenders, in assuming operational control, will be responsible for the cash requirements and the Company understands that they will advance at least US$1 million to meet Terra's immediate needs and may defer interest payments. The Company is continuing negotiations with the lenders to the Jacobina operations and expects to reach an agreement with the lenders relating to the Company's obligations under this facility. Contact: Stan Bharti, Chairman & CEO George Faught, Executive Vice President & CFO Tel: (416) 861-9500 Fax: (416) 861-8165 WILLIAM RESOURCES INC. 390 Bay Street, Suite 2008 Toronto, Ontario M5H 2Y2 Internet Address williamres.com E-mail Address: info@williamres.com Trading Symbol TSE - WIM -30-

To: Lalit Jain who wrote (1190)	4/13/1999 10:30:00 PM
From: Robert Dydo	Respond to of 1326

RUX is owned in 50.4% by William and as of today they will own 50% of internet company which would be anything between info-mine and bid.com in the area of resource sector. I could imagine employees of BLM group finding work on line a lot easier. Will William follow steps of its investment and join the e-commerce companies? I hope they will, maybe the lenders will sell their mines and leave them enough interest to acquire Rux Business.com and Business Web Inc. all together?

To: Lalit Jain who wrote (1190)	4/13/1999 11:14:00 PM
From: G	Read Replies (2) \| Respond to of 1326

IMPORTANT MESSAGE must read for ruxr and wim holders im back,but only too add my 2 cents worth.. i always said that reg and his wonderboy brad were up to no good.. i still remember when reg hyped so good, my friend and i loaded up in wim at $1.5 pre consol... now my friend speaks to reg, and he's on the record saying "buy ruxr" and "dont even think about WIM" "y would u want to buy WIM?" he goes on too say he controlled most of the selling through his broker cronies at scotia and nesbitt, drove price up and drove it down. bottom line he says useless cause... i ask y would an IR of WIM and ruxr say the wim stock is shit and BUY RUXR? i'll tell u y.. hes got tonnes of options and cheap stock he presumeably bought n the 1-5 cent range before all the activity with ruxr.. now he needs more fools like us to buy his cheap paper and make him rich.. reg i'd like to know if bharti shares the same thoughts as you.. IMO if wim owns 50%and 13mm shares of ruxr then right now WIM is the better buy at 6 or 7 cents.. for the record reg IMHO u r a washed up promoter that should go back the circus.. ps.. i wonder y ruxr didnt go up on such great news today.. could it be that reg who claims to control approx 80% of ruxr didnt want it move so he could trap more investors at these prices, before the ruxr falls flat on its ass..