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Gold/Mining/Energy : GITENNES Exploration (ase:GIT)

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To: charred who wrote (1089)	6/29/1999 12:42:00 PM
From: Sudeep Naidoo	Read Replies (1) of 1092

NP says Gitennes to buy Newcrest assets in Peru, Ecuador Gitennes Exploration Inc GIT Shares issued 26,255,831 Jun 28 close $0.23 Tue 29 Jun 99 In the News The National Post reports in its Tuesday, June 29, edition that Gitennes Exploration has executed a letter of intent to buy Australian gold company Newcrest Mining's assets in Peru and Ecuador. The National Post's Briefing column reports that Gitennes will acquire four Newcrest affiliates for one million common shares, one million warrants and $90,000 (U.S.) in cash. The warrants may be exercised for 18 months at 45 cents a share. Gitennes says the transaction must be approved by the companies' boards and by regulators, and Gitennes must complete its final due diligence review. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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