Subject: File No.S7-5-99 
Author:  hvgo <hvgo@ior.com> 
Date:    5/10/99 3:36 PM
     
     
Hanover Gold Company Inc, is of the opinion that any effort to compel 
market makers to police microcap stocks, which the proposed amendments 
to Rule 15c2-11 do, will result in market makers electing NOT to trade 
the microcap stocks.
From Hanover's prospective the elimination of market makers would be 
devastating to the company and its some 1,600 stockholders who made 
their investment in the company based, at least in part, upon there 
being a market for their shares. Without market makers, the company will 
be hard pressed to sell equity in the future in order to finance its 
operations.
From Hanover's perspective the implementation of the proposed amendments 
to Rule 15c2-11 could very well lead to the company's demise and is 
understandably stronly opposed to said amendments.
Sincerely,
Raymond Hanson, President
Frank Duval, COO acting
Janice Duval, Attorney at Law
Hanover Gold Company Inc.