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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Francoise Kartha who wrote ()3/15/2000 9:42:00 AM
From: Bob Walsh   of 5206
 
Kensington retains Ardent Communications

Kensington Resources Ltd KRT
Shares issued 24,670,435 Mar 14 close $0.41
Wed 15 Mar 2000 News Release
Mr. David Stone reports
Kensington Resources Ltd. has retained Ardent Communications Inc.
("Ardent") of Vancouver, B.C. to provide public relations services to the
company. Under the terms of the agreement executed March 15, 2000, Ardent
will provide public relations services for an initial three-month term and
thereafter on a month-to-month basis. Ardent will be paid a fee of $4,000
(Canadian) per month and has been granted options to purchase up to 250,000
shares at an exercise price of 41 cents per share on or before March 15,
2001, subject to vesting.
Ardent is a full-service public relations firm which will be primarily
responsible for introducing the company to potential brokers and investors
and for implementing a public relations campaign.
The company has a 38-per-cent interest in the Fort la Corne diamond project
in Saskatchewan with joint venture partners Monopros Limited, a wholly
owned subsidiary of DeBeers (38 per cent), Cameco Corporation (14 per cent)
and UEM Inc. (10 per cent). The Fort la Corne kimberlite cluster is one of
the largest clusters in the world containing 71 kimberlite bodies. To date,
69 of the 71 kimberlite pipes on the site have been tested. Forty-nine
kimberlite pipes have been found to be diamond-bearing, with 34 kimberlite
pipes containing macrodiamonds larger than one millimetre. Details of
upcoming exploration programs will be announced shortly.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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