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Gold/Mining/Energy : Cusac Gold Mines (CUSIF)

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To: charles catlett who started this subject9/22/2001 5:53:14 AM
From: d:oug  Read Replies (2) of 379
 
9/21/01 - To Maintain Gold Only Focus

stockhouse.com

Mr. Guilford H. Brett, President, Cusac Gold Mines Ltd.,
reports that Cusac will not proceed with the acquisition
and of oil and gas producer 906459 Alberta Ltd.
as contemplated in the letter of intent dated
and disclosed July 20, 2001.

The private placement of 2,000,000 flow-through units
that was to be completed in conjunction with the acquisition
is also not being proceeded with, except for 200,000 units,
which have already closed.

Cusac will instead maintain its historic core focus on gold exploration
and production.

Given the recent rise in gold prices, new exploration and potential
development plans are now being formulated for the Company's
100% owned Table Mountain Gold Mine...

Cusac Gold Mines Ltd.
Guilford H. Brett
President
Cusac Gold Mines Ltd.

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