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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: ted who wrote (243)	5/12/1999 8:02:00 PM
From: Taff	Respond to of 1366

Can anyone answer the question? Why "unable to proceed with the transaction at this time." Big Valley negotiating to acquire Canadian mineral property Big Valley Resources Inc BV Shares issued 19,174,310 May 6 close $0.40 Wed 12 May 99 News Release Mr. Lloyd Tattersall reports: Big Valley Resources has entered into negotiations for the possible acquisition of a Canadian mineral property. As a condition of ongoing negotiations, Big Valley is unable to disclose full details until such time as an agreement with the property vendor has been completed. Big Valley is currently completing its initial due diligence and anticipates that negotiations will be completed by the end of May, 1999. In an unrelated matter, on April 15, 1999, (Stockwatch April 16, 1999), Big Valley announced that it had reached an agreement in principle with Imperial Metals Corporation and SC Minerals Canada Limited, a division of Sumitomo Canada Limited. Under the terms of the agreement in principle, Big Valley was to be granted an option to acquire a 50 per cent interest in three mineral claims held by Imperial and SC Minerals. Big Valley has recently been advised that SC Minerals is unable to proceed with the transaction at this time. As a matter of record, Big Valley has been advised by the B.C. Securities Commission that it was incorrectly placed on the April 28, 1999, delinquent filer list. Big Valley is up to date with all its required filings with the B.C. Securities Commission. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com