Zodiac was formerly named Western Premium Resources WPM:VSE)
A discussion forum for WPM can be found under Gold Mining and Resources.
Zodiac Exploration Corp ZIP
Shares issued 20,897,905 Oct 1 close $0.12
Thu 2 Oct 97 Correction
See Spire Ventures Ltd (SVG) Correction
The following is a correction to the VSE notice dated September 25 1997:
Further to a notice dated July 16 1996, the VSE has accepted for filing a
memorandum of understanding dated February 10 1997 between Spire Ventures
and Western Premium Resource Corp (now Zodiac Exploration) pursuant to
which Western may acquire an undivided 50% interest in Spire's 95% interest
in one contract of work of 114,200 hectares in East Kalimantan, Indonesia.
In consideration, Western will pay a total of US$142,750, (US$25,000 upon
signing and the remainder in two stages), incur exploration expenditures of
US$175,000 in two work stages and issue 200,000 shares in four work related
tranches of 50,000 shares. Each share issuance is subject to exchange
approval of acceptable geological report summarizing the work done on the
property and recommending further work. A finder's fee of 50,000 shares is
payable to Ted Burylo in connection with this property transaction.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
