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Gold/Mining/Energy : Redbird (RBD.A on the ASE)

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To: Winzer who wrote (75)8/28/1997 3:09:00 PM
From: MiKe   of 130
 
Thanks Winzer,nice pop today.Heres the news.........

Redbird Gold Corp -

$50,000 property payment made

Redbird Gold Corp
RBD.A
Shares issued 24429860
1997-08-25 close $0.13
Tuesday Aug 26 1997
Mr Ronald McKeown reports
The company has made a $50,000 property payment in respect of its King Bay,
Ontario property, pursuant to its option agreement with Wahlex Limited and is
organizing a drilling program on this property to commence on or about
September 10 1997.
In addition, the company is negotiating with nine of its major creditors to accept
common shares of the company for outstanding debts at an issue price of $0.25
per share.
Dr John Wahl has resigned as president and director but remains as the
company's exploration manager, and Mr Donald (Mac) Fraser has resigned as a
director to pursue his affiliation with Adex Mining.
The company is not aware of any material changes or other circumstance relating
to the business and affairs of the company that could be contributing to the recent
changes in the trading volumes of its shares listed on the ASE.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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