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Message: Possibility Re: Rumour Big Block Sold (i.e. pressure on “GRC” shares)

Possibility Re: Rumour Big Block Sold (i.e. pressure on “GRC” shares)

posted on Feb 02, 2010 04:03PM

METALORE RESOURCES LIMITED

NOTES TO FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2009

4. LONG TERM INVESTMENTS

In 1999, the Company purchased 3,600,000 shares of Ontex at $0.35 per share, for total consideration of $1,260,000. In fiscal 2002, the Company purchased an additional 600,000 shares at $0.30 per share on a flow through basis for $180,000. ---. The investment in Ontex is currently treated as available for sale ----.

METALORE RESOURCES LIMITED

Six Months ended September 30, 2009 Statement of Cash Flows ------.

16. The company sold some of its Ontex shares and at the same time adjusted its portfolio of low risk marketable securities. -------.

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