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Gold/Mining/Energy : ANACONDA URANIUM CORP(ANU/VSE)BILLION$$ IN URANIUM
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To: Ptaskmaster who wrote (63)3/28/2000 11:08:00 AM
From: Buckey  Read Replies (1) of 69
 
Read the news closely - It is intersting
Anaconda Uranium reaches agreement with Aquiline

Anaconda Uranium Corp ANU
Shares issued 11,117,500 Mar 27 close $0.17
Tue 28 Mar 2000 News Release
Mr. John Cook reports
Anaconda Uranium has reached agreement with Aquiline Resources Inc for
Aquiline to take over the three claim blocks acquired by Anaconda, in the
River Valley area of the Sudbury mining district of Ontario (see Stockwatch
Feb. 29, 2000).
In terms of the agreement, Aquiline will pay $50,000 to Anaconda; $10,000
of this has already been paid. Aquiline will also issue 150,000 shares to
Anaconda as soon as the transaction has been approved by the Canadian
Venture Exchange. A further 150,000 Aquiline shares will be issued to
Anaconda on completion of a prefeasibility study.
Aquiline has built up a large position in prospective platinum group metals
(PGM) exploration ground in the River Valley area and has assembled the
resources for further exploration. With this wider exploration exposure any
benefit to Anaconda will flow more quickly than by proceeding with
exploration on its own.
Anaconda will continue to pursue its uranium business but may take
advantage of other resource or non-resource related opportunities that may
arise. Several approaches have been made to Anaconda in recent months with
a view to using the company as a technology related vehicle. No agreements
have been reached but the company will continue to examine such
alternatives.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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