Document RpqRDZ0M7g6OyndqJ5EmD3197

FILE NAME: Cassiar Asbestos Corp (CASS) DATE: 1966 July 22 DOC#: CASS002 DOCUMENT DESCRIPTION: Letter to Mr. Smith, Bell Asbestos Mines, from J.D. Christian, Cassiar Asbestos RE Financing Issues July 22. 1966 n r.l'flK A L b COOTTDENTIAL. Mr. G.W. Smith, P r id t. Bell Asbestos VineB Ltd., pT.hOet.foBrdoxK9o9in. es, Quebec. Dear George: Further to our telephone c$o8nMceirlnliionngatphperaolxtiemrnaatetilvyermeqeujiiroed t Clinton Creek operation. I have been talki.ng *o F *V .WCe ohnanveellhaanddsheevenroawl afuprptehaerrs dtoiscfauvsosuiorntshewistthocthkeisRsouyea . thDef Bbaenstkethre'sy AcacnceptdaoncfeorNuoeteU,. aT$h4eMy eilsltiomn ate th at^hf^X ,,,e e0th>ionigiswoquulidterwunorokuatbalet, a little better than 6-1/2,'- favour o the stock issue, in r ^ - - - c h safer route for the company to ta raddS:n,-rjsrasdebtzvzer ,, atthis time. the labour I- aamr k esotm^eowuhnadt dthisetu- rrbel d .at ^^ t^ tb^-i g^en^eral England; the possible str\ , kes and BO on. On top of this, of Canada; threatening rnIr)ents controlling their im port, we have quick m oves by r Btnall things over which non aonfdusfinhaanvecinagn,y acnodntarohlo. s 1 th m ^ aU f^eelcqlauritiefyctehretaminsetlhvaets oavnd the longer term these thing arc quite Bound, or certainly tahsatsoouunrdfoarseacnaystfsorfoercafsutlucra^n An $gcoMuiildliponrodveebttohbaengainlgittolever heads 00*1381 Mr. G.W. Smith 2 July 21, 1966 There teems to be very little advantage to the borrowing rpoousittei,oniftoanmy,aianstalionngthaesirthinetemraejsotr. shareholders are ail in a holders woIuhldavbee wefofrekcetdedouift wane wexearme ptoleisosfuheowontehe(1m) ashjoarreshfoarre e5a9c2h,5e9i3ghsth(a8r)esshfaorres$8pMreislelinotnly, hsaelyd5a9t3,$0130.05.s0h. arTehs.is wTooutaldl irsesquuedire wadoduiltdiobneaclosmhear4e,s77a5n,d0d00oll+ar5s93in, 0v0o0lve=d5f,o3r68e,a0c0h0osfhtahreems.ajoTrhecom panies is set out below. Please note that these are slide rule figures. PHroeldsienngt AdSdhiatrioensal HBealrldie NReawybmeosntots CCoenntwreasltPatricia 815422,,445500 +4 467570,,0500,00 +4 615840,,000000 44- & " 11076,,580000 8519,,265000 8212,,755000 <P $13.50 = $1,424400,,000000 1 ,089096,,000000 1,130005,,000000 $5,090, 000 up before tIhaemenvderoyf tahnexmioounsthtoifgeItctahnis. mTahtetenrexotf fBinoaanrdcinMgecelteinagreids nteoltepuhnotinleS,etphteismsbheoru,ldbubteifsuIfcfiacniegnett. aWgreeehmaveentsuinffpicriiennctipclaeshovoenr hthaned taot caallrraynxuiosutshrtooucgohmumntiitl mtoywsaerldf sfotrheexepnednodfittuhreesyefaorr,hbeauvt yI mamininnogt equipment, e tc ., that will come due in 1967 until I am reasonably certain of the source of funds. I would verAysmaumchajaoprpsrheacriaetheohldaevrinoguytsoiudre tohfotuhgehtCs oonnwtehsitsinprteorbelesmts and if we can reach an agreement in principle between Conwest and Bell, I will then approach some of the others. Yours sincerely, JDC:gjf JP.rDes.idCehnrtisatniadnG, eneral Manager, CASSIAR ASBESTOS CORP. LTD.