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Gold/Mining/Energy : Bomax Resources - BXS.VSE
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To: Leigh McBain who wrote ()11/3/1999 7:40:00 PM
From: Clark Kent  Read Replies (3) of 313
 
~~~~NEWS RELEASE~~~~~

This was completely out of the blue. No anticipation trading on the stock prior to the release. Either it was kept really quiet or nobody really cares.

I care!!!


Bomax to acquire Future Achievement

Bomax Resource Corp BXS
Shares issued 6,552,701 Oct 29 close $0.07
Wed 3 Nov 99 News Release
Mr. James Bond reports
The company has signed a letter of intent with Future Achievement
International Inc. in which the company has offered to acquire 100 per cent
of the issued shares of FAI. FAI would operate as a wholly owned subsidiary
of the company.
FAI is a company incorporated in the United States, but which conducts
business worldwide. FAI is a leading provider of on-site corporate training
services specializing in personal leadership development and team building
systems. FAI's assets consist of intellectual property including published
and unpublished books, audio tapes, videos, brochures, speeches and other
educational and training materials, services, programs, seminars and
workshops.
The company will issue shares to the shareholders of FAI on a performance
basis. These shares will be earned out of escrow on the basis of one share
for each 75 cents in pretax revenues generated by FAI.
The company will invite two of FAI's nominees to join the present board of
directors of the company. The company intends to change its name to Future
Achievement Ltd. or such other name that will more properly describe its
business. An extraordinary shareholders meeting will be called to approve
of these transactions, including the issuance of up to three million shares
for debt and a private placement of up to one million shares at 15 cents
per common shares.
The above transactions are subject to approval of the shareholders and the
regulatory authorities of British Columbia.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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