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BLACK HAWK HOLDINGS, INC. ANNOUNCES SETTLEMENT OF LAWSUIT

 BLACK HAWK HOLDINGS, INC. ANNOUNCES SETTLEMENT OF LAWSUIT
 MINNEAPOLIS, Nov. 12 /PRNewswire/ -- Black Hawk Holdings, Inc. announced today that the litigation between it and its former chairman of the board and chief executive officer, Dennis E. Evans, and Hanrow Financial Group, Ltd., an affiliate of Evans', has been settled. William H. Spell, president of Black Hawk, commented that "this was the last matter the board of directors of Black Hawk wished to resolve so that it could look for possible acquisition candidates without the threat of litigation hanging over the company. I am happy with the results as now Black Hawk can look forward and not behind."
 Black Hawk Holdings, Inc. is a holding company that seeks out acquisition opportunities. Its stock trades on the National Association of Securities Dealers Bulletin Board System.
 -0- 11/12/92
 /CONTACT: William H. Spell, president of Black Hawk Holdings, 612-371-9650/ CO: Black Hawk Holdings, Inc. ST: Minnesota IN: SU:


KH -- MN006 -- 0117 11/12/92 10:47 EST
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Publication:PR Newswire
Date:Nov 12, 1992
Words:165
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