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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. -- Ignore unavailable to you. Want to Upgrade?

To: alan holman who wrote (28139)	5/27/1999 8:51:00 AM
From: Mr Metals	Respond to of 28369

Bre-X Minerals Ltd - NP says former Bre-X insider alleged to have made $35-million Bre-X Minerals Ltd BXM Shares issued 219,103,330 1899-12-30 close $0 Thursday May 27 1999 The National Post reports in its Thursday, May 27, edition that John Felderhof, the Bre-X Minerals exploration chief who says he, too, was a victim of the gold fraud that lost investors billions, is alleged to have made $35-million in unreported stock sales before the company's collapse. The National Post's Sandra Rubin writes that Mr. Felderhof is the only Bre-X insider to face any kind of charges relating to the stock market scam. He will have to answer eight counts of breaching securities laws in a Toronto courtroom next month. In detailing the allegations of wrongdoing, the Ontario Securities Commission says Mr. Felderhof sold $83.9-million worth of Bre-X shares between April 24 and Sept. 10 1996. Yet insider trading reports show he reported sales of only $49.2-million for that period. That leaves $34.7-million in trades unaccounted for. Mr. Felderhof's lawyer says he can't explain the discrepancy because he has not yet seen the information on which the commission is basing its case. The OSC says the allegations speak for themselves. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com MM