NEWS RELEASE
October 1, 1999
Name Change to TIMEBEAT.COM ENTERPRISES INC. Completed
timebeat.com
timebeat.com
timebeat.com
VANCOUVER, B.C., CANADA –October 4, 1999 The Company has received approval from all necessary regulatory authorities to begin carrying on business as Timebeat.com Enterprises Inc. There was no consolidation of the share capital of the Company associated with the name change. Effective October 7, 1999 the Company will begin trading on the Vancouver Stock Exchange (VSE) and the National Association of Securities Dealers Electronic Bulletin Board (NASD OTC:BB) as Timebeat.com Enterprises Inc. Relevant corporate data is as follows:
Name Timebeat.com Enterprises Inc .
CUSIP number
887323103
VSE symbol
TBE
NASD OTC BB
TMBTF
Transfer Agent
Pacific Corporate Trust
Shares Issued and Outstanding
16,086,202
Shares Outstanding - fully diluted
18,898,487
The primary focus of the Company is Timebeat.com an e-commerce interactive online store offering top brand name designer watches as well as vintage watches, fine and estate jewelry, collectibles, and giftware from the world's most recognized manufactures, all fully warranted and at substantial savings. The website, which is expected to be fully operational very shortly, can be visited at www.timebeat.com.
In an unrelated matter, the Company has made the final payment of CDN$30,000 to Cheni Resources Inc. This payment was made pursuant to an amendment to the option agreement between the parties covering certain mineral properties in the Toodoggone area of north central British Columbia whereby Cheni agreed to waive its right to receive a final payment of 100,000 shares of the Company. Chairman of AGC Thomas L. Crom stated, “We are pleased to close the deal on our option agreement with Cheni. The properties may be of significant value in the future, which will allow us profitable gains from a fairly nominal investment. Also, future joint venture partnerships will be considered to maximize the property's potential and capitalize on the appreciating value of gold.”
The Toodoggone mineral property is approximately 100 square miles underlain by favorable geology. While certain zones on the property were previously mined, large portions of the property remain underexplored. During the last exploration program completed on the property in July of 1998, the Orest zone was discovered which hosts bulk tonnage gold grades. 1997 exploration efforts led to the discovery of the Creek zone which has returned a number of promising drill intercepts including 5.50 meters grading 21.65 gms/tonne gold and 4.0 metres grading 103.3 gms/tonne gold.
For further information about AGC please contact Investor Relations at (800) 545-5787.
ON BEHALF OF THE BOARD OF
AGC AMERICAS GOLD CORP
“Signed”
Thomas L. Crom III
President
The Vancouver Stock Exchange has neither approved or disapproved the information enclosed in this release.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Legislation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, possible changes in cost of materials, expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time on the Company's periodic reports filed with the Securities and Exchange Commission.
Americas Gold Corp.
#200 - 580 Hornby St.
Vancouver, BC V6C 3B6
Tel: (604)689-4771 Fax: (604)684-0642
1-800-545-5787
agcgold.com
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© 1999, AGC Americas Gold Corp. |
