Hi Folks:
The latest news.
Trevor
Tyhee to acquire several different properties
Tyhee Development Corp TDC
Shares issued 1,342,112 Feb 25 close $2.25
Mon 28 Feb 2000 News Release
Dr. D.R. Webb reports
At the request of the Canadian Venture Exchange, in the normal course of
business over the past several months, the company has negotiated with
various groups for the acquisition of several different properties. Certain
of these properties are advanced or predevelopment stage assets, including
past gold producers. The company has, during the course of these
discussions, only reviewed general terms and conditions, and has signed
various agreements including industry standard confidentiality agreements.
The company has also discussed potential financing options upon concluding
certain agreements. The company has not concluded any definitive, binding
acquisition agreements at this time.
The company is aware that certain individuals have in the past 10 days
posted comments or speculations about the company's possible future as an
e-business company. There has been no discussion with any party to convert
the company from the resource business into an e-business company.
Additionally, on Feb. 21, 2000, the company filed with the British Columbia
Securities Commission a Form 23 notice of intention to sell and declaration
pursuant to Section 136 of the securities rules regarding its control
position over certain securities it beneficially owns.
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