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Gold/Mining/Energy : INTERNATIONAL TAURUS RESOURCES INC. (ITS:VSE)

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To: Chuck Rubin who wrote (80)11/3/1998 6:25:00 PM
From: Bob Walsh  Read Replies (1) of 123
 
News Release: Lyon property joint venture terminated,
exploration to continue

International Taurus Resources Inc
ITS
Shares issued 28,530,403
1998-11-02 close $0.16
Monday Nov 2 1998
Mr. Steven Parry reports
Effective immediately, International Taurus has terminated its joint venture agreement with American Copper Corp. to explore and develop the Lyon property in Yerington, Nevada. Taurus intends to continue with work on the Lyon property under its option from Cyprus Metals Exploration, a wholly owned subsidiary of Cyprus Amax Minerals Company. Taurus will finance the work through the special warrant financing announced in Stockwatch Oct. 26, 1998.
Approximately $360,000 in exploration expenditures has been spent on the Lyon property to date. The VSE has approved Taurus's acquisition of the Lyon property, subject to closing of the special warrant financing.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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