and also from FEB
thanks..
Wed Feb 10, 1999
Adamas to Consider Opportunities in Other Industries
Adamas Resources Corp. ("the Company") announces that due to extreme negative
conditions in the resource sector, i.e., depressed values of gold, copper, silver and
oil, the Company is presently considering opportunities and acquisitions in other
industries, which would significantly re-direct the activities of the Company. In the
interim, no further funds will be used for the development or acquisition of mineral
projects. Any future acquisitions in the technology (Internet) or industrial sector
will be subject to approval by the Vancouver Stock Exchange.
The Company further announces that effective today, it has cancelled 50,000
director stock options at $0.22 and has granted and applied for, subject to
regulatory approval, 525,000 director/employee incentive stock options exercisable
for a period of two years, at a price of $0.15 per share
The Company's trading symbol is VSE - AMS
ON BEHALF OF THE BOARD
Richard Silas
President
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this News Release. |
