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Strategies & Market Trends : Winter in the Great White North

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To: E. Charters who wrote (4357)3/22/2003 12:55:25 AM
From: marcos   of 8273
 
Ah, but Alamos doesn't miss you ... see it today? ... heh heh .... i'm so out of touch i can't even make an educated guess as to what its next news release will be about

csl.t.v - here's a strange puppy, Cadre, political risk of Venezuela, quite a project if they ever get it going ... they had a small placement release the other day, and tacked onto it these paragraphs -

'As previously reported, the company has arranged a joint venture with Bateman Project Holdings Ltd. and Seabulk Systems Inc. with the objective of developing jointly, the multiproduct alluvial mineral-quartz/granite aggregate extraction project known as the Caroni River project in the state of Bolivar, Venezuela.

The proceeds of the private placement will be used for the furtherance of the goals of the joint venture.

On behalf of the joint venture, a Propuesta proposal has been submitted to Venezuela authorities requesting the right to conduct a bankable feasibility study on the project with the right of tenure to jointly develop, design, construct and startup the project subject to favourable outcome of the study.

A recent meeting requested by Venezuelan authorities was postponed due to recent (force majuere) events in Venezuela causing a delay in the granting of the feasibility permitting.

That meeting is to be rescheduled at a mutually acceptable time. The project represents much sought after foreign investment in a multiproduct, multimarket, non-petroleum export. '

cadreresources.com
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