Storming Norman has a PR today, LODESTONE- never heard of it ..wonder if they were envolved with the Pincock and Allen test? Anyone?
From:
canada-stockwatch.com
Applies to -- HABE -- ORXX
HABER, INC. ACQUIRES LODESTONE PARTNERS, LTD.
HABER, INC. ACQUIRES LODESTONE PARTNERS, LTD.
TOWACO, N.J., Aug 16, 1999 /PRNewswire via COMTEX/ -- Haber, Inc.
(OTC: Bulletin Board: HABE) announced today the buyout of Lodestone
Partners, Ltd. for 960,000 shares of Haber, Inc. restricted treasury
common stock.
In the early 1980's, Lodestone Partners, Ltd. invested approximately
$1.5 million into Haber, Inc. for the development of certain extractive
metallurgical processes including the Haber Gold Process (HGP) in
exchange for royalty rights for the use of these processes in the
United States fora limited time.
Haber, Inc. now retains all the rights to these processes. The other
metallurgical extraction processes include one for silver and another
for high-purity manganese, a strategic metal.
Both parties felt that the number of shares was fair, given the upside
potential of the Haber, Inc. stock and the time limitation on the
royaltypayments.
This acquisition is related to Haber, Inc.'s July 6th announcement
thatit is seeking other licensees for the HGP. In March of this year,
Haber made a non-exclusive license agreement with Orex Gold Mines
Corporation for the HGP but it is also in discussion with other US and
international mining companies. Haber made the offer to Lodestone
Partners in order to negotiate more easily with these other mining
companies and it is anticipated that this will enable Haber, Inc. to
more quickly commence other license agreements.
The HGP is an environmentally safe process that extracts gold in
significantly less time than is possible with cyanide and it has higher
recovery rates than cyanide. The HGP passed California's Department of
Health Services Acute Aquatic Toxicity Bioassay to qualify as
non-toxic. Haber's web site (www.haberscience.com) describes the HPG in
greater detail.
Haber, Inc. is a high-technology process development company with
proprietary processes in extractive metallurgy and electrochemical
separationstechnology.
This news release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are other than historical facts and are subject to
uncertainties and risks. These cautionary statements expressly qualify
all such forward-looking statements made by or on behalf of the
Company. In addition, the Company disclaims any obligation to update
any forward-looking statements to reflect events or circumstances after
the date hereof.
SOURCE Haber, Inc.
(C) 1999 PR Newswire. All rights reserved.
http://www.prnewswire.com -0-
CONTACT: Haber, Inc., 973-263-0990
WEB PAGE: haberscience.com
GEOGRAPHY: New Jersey
INDUSTRY CODE: MNG
CPR
FIN
SUBJECT CODE: TNM
Chucka- |
