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ALEXANDER NEWS INTERNATIONAL INC ("AWS-ALBERTA") - Shareholder Meeting Date April 23, 1997 Alexander News International Inc. announced recently that it has mailed to its shareholders an information circular and proxy materials in respect to a special shareholders' meeting to be held on May 9, 1997. At that meeting, the shareholders will be asked to vote on managements' previously announced proposed acquisition of a gold exploration property, consisting of 3 Exclusive Prospecting Orders and 16 claims in Zimbabwe, covering approximately 35,000 hectares. This property is at the early exploration stage and there is no assurance the Corporation will be able to find any commercial quantities of gold or other minerals. In addition, the meeting will also be asked to approve concurrent private placements to fund its planned exploration programs, and name change, tentatively to Apex Resources International Inc. Alexander disposed of its newspaper business on January 31, 1997 for $52,000 and the assumption of the operating and bank liabilities associated with that business to Byron Cox, former vice president of Alexander. The common shares of Alexander are listed on The Alberta Stock Exchange and trade under the symbol AWS. halted at the Corporation's request on October 31, 1996, upon the announcement of this proposed reverse take-over, the Corporation has been advised that its shares will commence trading on Wednesday, April 23, 1997. TEL: (403) 267-8165 D. Richard Skeith, Secretary FAX: (403) 267-5973 | ||||||||||||||
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