Bhang Inc BHNGF

RE: PP------------Holders

[rdww]

Pele Mountain shares acquired by Dundee Precious Metals Pele Mountain Resources Inc GEM Shares issued 30,486,354 Dec 19 2002 close $ 0.19 Thursday December 19 2002 News Release Also Dundee Wealth Management Inc (C-DW) News Release Mr. Jonathan Goodman of Dundee Wealth reports DUNDEE WEALTH MANAGEMENT INC.: ACQUISITION OF SHARES OF PELE ... Dundee Precious Metals Inc., an investment company managed by a subsidiary of Dundee Wealth, has acquired 1.25 million units of Pele Mountain Resources at 20 cents per unit. Each unit consists of one common share and one-half of one Series J purchase warrant. Each whole purchase warrant entitles the holder to purchase one common share at a price of 30 cents until June 18, 2004. All subsidiaries, affiliates and associates of Dundee Wealth hold or exercise control or direction over a total of 3,796,900 common shares and 1,822,000 warrants of Pele Mountain. If all warrants owned or controlled by subsidiaries, affiliates and associates of Dundee Wealth were exercised, subsidiaries, affiliates and associates of Dundee Wealth would own or control, in total, approximately 16.6 per cent of the outstanding common shares of Pele Mountain. The securities of Pele Mountain held by subsidiaries, affiliates or associates of Dundee Wealth or over which subsidiaries, affiliates or associates of Dundee Wealth exercise control or direction are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future. (c) Copyright 2003 Canjex Publishing Ltd. https://www.stockwatch.com