A New Initiative : ica-ecom.com
Mon May 10, 1999
ICA Board Approves Plan To Expand Business Interests Into Information
Technology
The Management of International CanAlaska Resources Ltd ("ICA") is pleased to
announce that the Board of Directors approved a plan to expand ICA's business
interests beyond mining exploration and development. The Management of ICA will
direct their expertise in raising venture capital, arranging joint ventures and
managing public companies to acquiring interests in emerging business
opportunities in the field of Information Technology.
In order to optimize this diversification, an Advisory Committee is being formed to
assist Management in identifying and qualifying potential Information Technology
companies. Members of this Advisory Committee are selected from related
business, investment and scientific fields to reflect different aspects of the new
business initiative. The core members are already confirmed and a press release
will be issued as soon as the Advisory Committee is fully constituted.
ICA will consider investments in partnerships or participation in companies whose
fundamental activities are the development, application and use of technology in
the fields of new media, internet, e-commerce and related ventures.
ICA Management is studying several avenues to ensure that shareholders receive
maximum value for the Company's current portfolio of mining properties. The
strategy to retain and enhance value in these properties will be announced when
finalized.
ICA Management believes that key components for the future success of the new
initiative include a strong Advisory Committee, cooperation with selected
Information Technology companies having innovative, achievable business
objectives and a well considered plan of action. These strengths will be utilized in
entering a new field of activities with new opportunities and visions.
On behalf of the board of directors
Harry Barr, President |
