Laserfiche WebLink
iii iiiir~iiiiiiiiii <br />tfuwlt kESOURCES LTD PAGE 02/02 <br />P.O, Box 1488 Paonio. CO 81428 976527-4135 Fox 970.527-2234 <br />March 19, 2001 <br />David Berry <br />Coal Program Supervisor <br />Colorado Division of Minerals and Geology <br />1313 Sherman Street Room 215 <br />Denver, CO 80203 <br />RE: Reclamation Bonds <br />Dear Mr. Beny <br />Sincerely; <br />Bowie is expecting to post a four million dollar ($4,000,000) Certificate of <br />Deposit with your agency on Ivtarch 20s` as part of our effort to cleanup the bonding <br />issues at Bowie. This CD will be at one bank, First National Bank of Paonia. We realize <br />this does not completely conform to the DMG regulations addressing CDs. Also we <br />realize the two million dollaz ($2,000,000) letter of credit does not totally conform to the <br />regulations in that it cannot be drawn through a Colorado bank. We will not be able to <br />acre these deficiencies before the deadline of March 204'. Therefore we are requesting a <br />thirty day extension of the March 20's deadline in order to continue to resolve these <br />deficiencies. We realize this request is contingent upon the posting of the four million <br />dollar CD. <br />Keith Sieber <br />President <br />cc: Stephen Addington <br />Michael Nemser <br />On the Cutllnp Edge of Cusfomer Service <br />BOWIE RESOURCES, LIMITED <br />