American Bullion Voluntary Shareholder Pooling Agreement.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 5, 1998-- American Bullion BULLION. In its usual acceptation, is uncoined gold or silver, in bars, plates, or other masses. 1 East, P. C. 188. 2. In the acts of Congress, the term is also applied to copper properly manufactured for the purpose of being coined into money. Min (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. .) The Board of Directors of American Bullion Minerals Ltd. ("American Bullion") have received notice today of the establishment of a Voluntary Pooling Agreement for common shares of the Company. There have been 3,178,630 common shares of the issued and outstanding capital of the Company deposited and commitments to deposit a further 6,209,443 common shares of the fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. capital of the Company under this agreement. This represents a total of 50 percent for the fully diluted capital of the Company and 26 percent of the issued and outstanding shares of the Company. The shares deposited under this agreement will be held for a minimum period of two years, ending June 30, 2000, subject to certain discretionary rights of early release such as in the event of a takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares . The Voluntary pooling Agreement does not impact the rights of ownership of participating shareholders or their right to vote such shares in their absolute discretion. As detailed in the recent 'President's Report' to shareholders, our management and operational perspective for American Bullion is long-term. We have been and will continue to be adamant about advancing the Red Chris Project and creating and maximizing shareholder value. The 'intrinsic value' of the Red Chris Project is known and will not be compromised or sacrificed. All of our owners will benefit from the significant commitment to the long-term prospects of American Bullion that has been demonstrated by the participants in this Voluntary Pooling Agreement. Our technical team is now finalizing their work on the 'Pre-feasibility Report' for the Red Chris Project. Once approved by the Senior Review Board and the Board of Directors, a synopsis A summary; a brief statement, less than the whole. A synopsis is a condensation of something—for example, a synopsis of a trial record. of this report will be published in a press release. It is anticipated that this release will be made during the course of the next two weeks. The foregoing news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others those described in the Company's annual report on Form 20-F, including among others, the following: uncertainties related to early stage of development, technology and product development; dependence on future corporate collaborations; dependence on proprietary technology and uncertainty of patent protection; management of growth; future capital needs and uncertainty of additional funding; intense competition; manufacturing and market uncertainties; government regulation; product liability exposure and insurability. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: American Bullion Minerals Ltd. Charles H. Wills, 604/622-4400 604/622-4444 (FAX) or American Bullion Minerals Ltd. Investor Relations Investor relations The process by which the corporation communicates with its investors. , 800/403-2940 Email: info@abpminerals.com Website: http://www.abpminerals.com |
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