Shakespear Quote:" Out - Out, Damed Spot. " The Real Spot, the real WASH:
Applies to -- HABE
Haber, Inc. Grants License Agreement to Orex Gold Mines Corp for Its Environmentally Safe Gold Process
Haber, Inc. Grants License Agreement to Orex Gold Mines Corp for Its
Environmentally Safe Gold Process
TOWACO, N.J. (Feb. 22) BUSINESS WIRE -Feb. 22, 1999--Haber, Inc. (OTC
BB: HABE) announced it signed a license agreement with Orex Gold Mining
Corporation for the rights to commercialize Haber's proprietary and
environmentally safe gold extraction process. Orex is a privately held
company that is currently undertaking financing.
In the agreement, the Haber Gold Process (HGP) will remain under the
control of Haber, Inc. and Haber will receive at least 10% stock
position in Orex and a minimum of 8% net smelter return directly from
all gold production.
Orex executives evaluated and confirmed all Haber's claims for the
HGP, which, unlike cyanide used to extract gold, the HGP is non-toxic.
"When we actually saw the process demonstrated, we were totally amazed
at how fast the process worked on the gold. The fact that HGP is
environmentally safe was a key factor in our signing the agreement with
Haber, Inc.," says Orex's President, Warren Hemedinger. HGP is so
environmentally safe, it passed California's Department of Health
Services Acute Aquatic Toxicity Bioassay to qualify as non-toxic.
The process has been validated at the University of Nevada Mackay
School of Mines and in four independent mining-engineering studies
comparing the HGP with cyanide used for conventional gold extraction.
HGP was found to be very effective for a variety of gold bearing ores
and concentrates, some of which are resistant to conventional cyanide
extraction. HGP costs the same or less than cyanide but extracts gold
much faster and with greater yields of gold.
By putting HGP into production, Orex will be the first company in the
US to commercialize this process.
Haber, Inc. is a high-technology process development company with
proprietary processes in extractive metallurgy and electrochemical
separations technology.
-0- HK/na*
CONTACT: Haber Inc.
Rick Poultridge, 914/878-1039
KEYWORD: NEW JERSEY CALIFORNIA
INDUSTRY KEYWORD: MINING/METALS ENVIRONMENT ENMED Today's News On
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P.S.- Why no reply? ( Unlike some who tried! ) I never did as such as described from your day one Spot. Month Spot, maybe basis, a full and fair airing, no way.
Haber will receive at least 10% stock
position in Orex
Haber will receive at least 10% stock
position in Orex
Haber will receive at least 10% stock
position in Orex
P.P.S.-B.S.- A mission from the Bard! LOL HoHoHoHoHoHoHo |
