Patrician gold is now PXC ON THE CDNX.
News release of great interest to shareholders. proposed amalgamation with REFLEX SYSTEMS INC. reflex3d.com
NEWS RELEASE AS FOLLOWS:
...........................................
Patrician to Amalgamate with Reflex Systems Inc.
Orleans, Ontario - Tuesday, August 29, 2000, 3:45 PM EDT
Orleans ON: Robin Dow, President, Patrician Consolidated Gold
Mines Ltd. ("Patrician"), is pleased to announce today that
Patrician has entered into a Letter of Intent with Reflex Systems
Inc. ("Reflex") (www.reflex3d.com) of Montreal, Quebec, which
proposes that Patrician and Reflex amalgamate. The full details
of the proposal will be released after a Pre-filing Conference
with the Canadian Venture Exchange ("CDNX"). Both companies
expect to be able to file the required materials with CDNX the
week of September 5th.
The purpose of the Amalgamation is to assist Reflex with
financing development of its current products and to list the
amalgamated entity on CDNX through the means of a reverse
takeover of Patrician by Reflex. The amalgamated company shall be
called Reflex Systems Inc. The final date of amalgamation is
dependent upon the timing of the filing of certain materials with
CDNX, the approval of those documents by CDNX and thereafter the
approval of the shareholders of both companies.
Reflex is a software development company with the goal of
becoming the world's leading provider of high-definition 3D human
generation technology, which software would produce realistic
human models in the service of entertainment, scientific/medical
and business applications.
For further information, please contact:
Robin B. Dow
President
1-888-834-7708
email: robin.dow@goldcorner.com
The Canadian Venture Exchange has in no way passed upon merits of
the proposed transactions described above and has neither
approved or disapproved the contents of this press release.
Completion of the transactions described above are subject to a
number of conditions, including but not limited to, Canadian
Venture Exchange acceptance and shareholder approval. The
transactions cannot close until the required shareholder approval
is obtained. There can be no assurance that the transactions will
be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the
Management Information Circular to be prepared in connection with
the transactions described above, any information released or
received with respect to the transactions may not be accurate or
complete and should not be relied upon. Trading in the securities
of Patrician should be considered highly speculative.
PATRICIAN CONSOLIDATED
GOLD MINES LTD.
684 Farmbrook Cr., Ph: 1-888-834-7708
Orleans, Ontario Fax: (613) 834-8166
K4A 2L2 Robin.Dow@goldcorner.com |
