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susayre

02/05/07 8:09 AM

#3477 RE: ezxccsc #3476

ezxccsc - exchange rate is .1281 HK to US

http://www.integratir.com/newsrelease.asp?news=2130981643&ticker=WITM&lang=EN

The non-binding memorandum of understanding has been expanded to include material terms whereby all outstanding common shares of Wits Basin will be exchanged for three billion (3,000,000,000) shares of EasyKnit, which represents approximately 43 percent of the issued capital. It further provides for definitive documents to be finalized during February 2007. The timetable for closing will be dependent upon obtaining required regulatory approvals as well as mutual on-going due diligence review and votes by the shareholders of both companies.

Detailing the proposed transaction, Wits Basin's CEO Stephen King explains, "The proposed exchange ratio for each common share of Wits Basin represents approximately 21 shares of EasyKnit for each Wits Basin common share.

For Quotes (in Hong Kong Dollars):

Enter 616 for Stock Code at http://www.irasia.com/stocks/hkindex.htm

http://www.hkex.com.hk/listedco/listconews/sehk/20070205/LTN20070205086.HTM

EASYKNIT ENT<00616> - Suspension of Trading

At the request of Easyknit Enterprises Holdings Limited, trading in its shares has been suspended with effect from 9:30 a.m. today (5/2/2007) pending issue of an announcement regarding price sensitive information relating to a possible very substantial acquisition and dilution of control.

Currency conversion from Hong Kong Dollars to US$ at:

http://finance.yahoo.com/currency/convert?amt=1&from=HKD&to=USD&submit=Convert


Bates-Hunter winter pictures and area claim map at: http://www.4shared.com/dir/1471274/60cf5ee4/sharing.html