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Gold/Mining/Energy : Intertech Minerals (iml:vse) diamond program
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To: Bob Basil who wrote (44)1/31/2000 2:35:00 PM
From: Bob Basil  Read Replies (1) of 46
 
Talked to IR, and they wanted to clarify Kennecott's option date to as follows:

"In late 1998 the
Company granted Kennecott an option to acquire an undivided 60% interest in
the Afridi Lake property which may exercised by Kennecott at any time prior
to December 11, 2005 by incurring exploration expenditures totalling C$25
million or, alternatively, by announcing a decision to begin construction
and development of a mine within the property boundaries."
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