Started By: MoneyMade
Date: Aug. 19,1998 4:34PM ET
MONEY GUILD INC -- OTC:(MYGD)
6 Million shares outstanding
650,000 shares in the float
Transfer Agent: Silverado Transfer ph# (702) 263-0920
Attorney: Stephen Sanders ph# (212) 406-4700
IR Contact: Jim Cromwell, The Money Guild Inc., 800-241-1168
MoneyGuild is a recently aquired shell as of Feb. 1998
The company currently owns 20,000 Hectares in Venezuela which
contains some seventeen different types of exotic hardwoods. At
present, the company is working with a major overseas lumber company
to harvest or cruise timber from it's Venezuela properties. After
the harvesting project, Sales from the timber should begin thereafter.
Revenues received from the sale of timber are expected to fund
MoneyGuild's Gold exploration projects, according to IR the co.
expects more than 600,000 Au to be proven.The geologist for this
project is none other than REX PEG Eng
(see Company PR below)
NEW YORK, Aug. 18 /PRNewswire/ -- Money Guild Inc. (OTC Bulletin Board:
MYGD) today
issued the following:
Geologist Hired:
Mr.Rex Pegg P. Eng who moved on site Monday, August 10, 1998 for the
evaluation of the Miribisi and Hato La Domingo concessions in Venezuela
for a period of up to three months. His work will entail the compilation
of all previous exploration and mining data. Additionally, Mr. Pegg will
provide the Company with geological, geochemistry, sampling, trenching,
exploration pits, geophysical and an initial drilling program. Along
with accumulating data from adjoining properties, his work will also
entail visiting nearby labs in order to assess their methods and
turn-around time for
assays and applicable costs. It should be noted that Mr. Pegg is very
experienced in his field having worked 13 years for B.P. Canada, Selco
Canada, Kennecott and Lac Minerals in Canada prior to spending the last
10 years consulting for various companies in North and South America,
Eastern Europe, Africa and Asia.
New Auditors, Airborne Study:
Money Guild Inc. has asked for and will receive in the near future an
engagement letter from a New York firm of chartered accountants with
correspondent affiliates in Venezuela in order to facilitate general
accounting procedures in both jurisdictions. Additionally, the Company
has received a letter of interest from Eldorado West Airborne Geophysics
to begin the airborne geophysical survey.
Hardwood Contract:
Negotiations are now in the preliminary stages with an overseas lumber
company to begin a comprehensive timber cruise and feasibility study to
harvest and reforest the extensive "exotic" hardwood area of the Hato La
Domingo.
Granite Deposit:
The Company has received verbal interest from a European company and
will be hiring a local Venezuelan engineer to do a comprehensive
engineers report on the two large granite deposits located within Hato
La Domingo for the purpose of cutting, polishing and exporting high
grade
granite slabs.
On behalf of the Board of Directors
Per: Martin Davies
Source: The Money Guild Inc.
Contact: Jim Cromwell, The Money Guild Inc., 800-241-1168
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Lastly, the co. expects to file with the SEC within 6 weeks
Total rev. projections:
$100,000,000
Sincerely,
MoneyMade
I N S I D E R T I P S
tlhs@swbell.net |
