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Gold/Mining/Energy : Primo Resources - PRI.VSE
PII 71.90-2.3%Jan 9 4:00 PM EST

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To: Libertarian22 who wrote (555)4/21/2000 1:07:00 PM
From: gian piero ciambella  Read Replies (1) of 579
 
Right you are Bob...
Do you think Primo will ever recover the $500,000 USD they spent to acquire Lusang exploration JV. which could have been used for phase III in Argentina.

Primo discontinues Lusang exploration JV
Primo Resources International Inc PII
Shares issued 3,348,254 2000-04-14 close $0.37 Monday Apr 17 2000
Ms. Georgia Knight reports
Primo Resources International will discontinue its participation in the joint venture between the company and P.L. Puri Permata Megah for the exploration of the Lusang
property in Sumatra, Indonesia. Primo will now discontinue all operations in Indonesia.
Primo also is not proceeding with the financing announced in Stockwatch Feb. 16, 2000.
quote: "Ms. Brickner has been granted Incentive Stock Options on 165,000 shares of the Company's capital stock, exercisable up to two years at a price of $0.28 per share,) which price is not less than the average closing price of the Company's shares for the ten trading days immediately preceding the
date of this News Release. "

(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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