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Gold/Mining/Energy : Conquistador Mines Ltd. (CMG-V)
CMG 31.69-2.6%Oct 31 4:00 PM EDT
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To: sana who wrote (1361)3/5/2001 5:21:18 PM
From: russet  Read Replies (2) of 1419
 
Lookee here,...some more insights. Seems like CMG will have a new dancing partner and some money again to find more PGM's in Nevada.

Now our friend Chuca Marsh (who has claims in this area of Nevada) may be able to tell us something interesting,...unless he's part of it :-))) That map he provided in his post shows the Key West mine area mentioned in the release below,..nice view of the surrounding relief.

http://terraserver.homeadvisor.msn.com/image.asp?S=12&T=2&X=941&Y=5069&Z=11&W=2

Hey Chuca!,....you holding out on us (ggggggggggggggg).

Cons Epix to earn into Conquistador property; RTO plans

Conquistador Mines Ltd CMG
Shares issued 43,663,907 Mar 2 close $0.15
Mon 5 Mar 2001 News Release
See Consolidated Epix Technologies Ltd (JPG.U) News Release
Mr. Lyle Davis reports
Consolidated Epix Technologies Ltd. (the company) has entered into an
agreement in principle with Conquistador Mines Ltd. to earn a 50-per-cent
interest in two adjacent properties in Clark county Nevada known as the Key
West mine and the Great Eastern mine as well as 198 claims staked by
Conqistador. In order to earn its 50-per-cent interest, the company will
reimburse Conquistador for its prior property payments of $150,000 (U.S.);
make a cash payment of $25,000 (U.S.) to Conquistador; and complete a
minimum exploration program of $500,000 (U.S.) on the properties. Upon
earning its 50-per-cent interest, the company and Conquistador will enter
into a joint venture agreement on the properties. A formal option and joint
venture agreement is presently under preparation.
The company has engaged Haywood Securities Inc. to raise $1.0-million
(U.S.) by way of a private placement of special warrants at the price of 25
U.S. cents per special warrant. Each special warrant will be exchangeable
for one share and one share purchase warrant for no additional cost. Each
warrant will be exercisable for a period of one year at a price of 25 U.S.
cents for one additional share.
Collectively these transactions constitute a change of business and/or
reverse takeover under Canadian Venture Exchange rules, and are subject to
shareholder and regulatory approval. The company is currently halted and
does not anticipate a resumption of trading until these approvals are
obtained and until a prospectus is filed (and receipted) to qualify the
securities to be issued upon conversion of the special warrants. The
company has engaged Haywood Securities Inc. to act as sponsor for these
transactions.
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