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Gold/Mining/Energy : WWS.T World Wide Minerals
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To: Targetzero who wrote (710)7/19/1999 10:40:00 AM
From: traacs  Read Replies (1) of 784
 
World Wide Minerals Ltd -

Globe says World Wide Minerals forms joint venture

World Wide Minerals Ltd
WWS
Shares issued 80,360,115
1999-07-16 close $0.04
Monday Jul 19 1999
The Globe and Mail reports in its Monday edition that World Wide Minerals Ltd. of Toronto said it has
formed a joint venture with WM Mining Co. of Denver to develop its uranium interests in the United
States and Mongolia. The uranium assets were transferred to WM Mining International Ltd., a joint
venture, at about their book value of $6.3-million (U.S.). The joint venture assumed about $1.3-million
of World Wide's debt and issued a $1.7-million promissory note to World Wide. World Wide holds a
25-per-cent interest, WM Mining has 74 per cent, and an undisclosed shareholder has 1 per cent of the
joint venture. The agreement excludes World Wide's interest in Kazaksta
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