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Gold/Mining/Energy : VENGOLD VENGF this is real

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To: banco$ who wrote (259)	12/17/1999 8:50:00 AM
From: Mr Metals	Read Replies (1) of 350

Vengold Inc - Van Sun says Vengold goes dot.com Vengold Inc VEN Shares issued 143,002,957 1999-12-16 close $0.275 Friday Dec 17 1999 The Vancouver Sun reports in a lead business story in its Friday edition that Vancouver miner Vengold is getting out of gold and going on-line. Four days after Vengold issued a news release, reporter Rod Nutt notes that president and chief executive Ian Telfer says the company currently holds cash and securities valued at $70-million. "We have identified the need for a significant pool of capital in the Internet and electronic commerce industry. Vengold will focus on investing its resources in private Internet-related companies," says Mr. Telfer. He says Vengold's strategy of trying to gain control of the Lihir gold mine in Papua New Guinea was derailed by the slumping price of gold. The company has now hired two technical consultants with expertise in identifying the potential in new Internet companies. Their names will be released next year. Mr. Telfer says that Vengold will invest from $500,000 to $5-million in the companies it targets. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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