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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: burner who wrote (1626)	5/1/1999 1:24:00 PM
From: Montana Wildhack	Read Replies (1) \| Respond to of 3896

Dan, I agree with your analysis. My experience is that there usually is a hold period. As you pointed out, it probably does involve the NASDAQ listing, and seemed like a much fairer deal just a few days ago.

To: burner who wrote (1626)	5/1/1999 2:49:00 PM
From: stubbs	Read Replies (2) \| Respond to of 3896

I was lucky enough to pick up 2 units from Yorton.The first offering(paper work) I received Friday morning had the deal 2 mill shares at $6.5 and then 1/2 warr at $10.00(16 month exercise).If the prospectus is not completed within 60 days closing date(May10/99)then they have a 10% penalty.I was told from my broker that it was 60 day hold but after reading thru the offering it looks like 1 year.I called him at home (today)and he was positive on the 60 day hold as he had a call into TO office to confirm.It also shows that fully diluted we are at 37 mill shares.Those dates also could be tied to jurisdiction as Alberta,BC has a min $97.5k.Ontario and Quebec I believe is $150k minimum so hold periods could very. The breakdown per firm is/was: Yorkton-60% Taurus-25% Kearns-10% Canaccord-5% Just remember in that two hour window the PP went from 2-3 mill shares and dates could all change.When I get my copy Monday I will repost the conditions. Stubbs