Damn, by March this borring stock could get exciting LOL:
IE DRILLINGS
SEE NEWS JUST OUT in Ontario on a copper project ...old historic one:
ChuckaWISHful think halffull or half empty ot half ....'ed LOL HalfAZ'ed as Valerie used to be JVed with one of my Arizona Copper NEIGHBORS who signed over their classic GEOLOGY TEXTBOOK, The "Geology of Ore Deposites!" By John Guilbert and Charles Parks in 1999 over to me ! LOL, and the Jaba Valerie JV broke apart in Copper Massive in 2000! TRUE.
jaba.com
SEE also :
Message 15810930
Valerie Gold Resources Ltd - News Release
Valerie Gold options 12 claims
Valerie Gold Resources Ltd VLG
Shares issued 12,195,607 Dec 10 2001 close $.260
Monday Dec 10 2001 News Release
Mr. Frank Lang reports
On Dec. 7, 2001, the Canadian Venture Exchange accepted for filing documentation of an option agreement, dated Nov. 16, 2001, between Valerie Gold Resources and Ray Koivisto, Elgin Lake Mines Limited, Ken Kukkee and Ron Tweedie, (collectively the optionors), whereby the optionors will grant to Valerie the sole and exclusive right, title and option to acquire a 100-per-cent interest in 12 claims (totalling 186 units) located near Armstrong, Ont. The property covers several new occurrences of palladium and copper in an area that has seen little exploration activity in the past.
Valerie can earn its interest by making cash payments of $144,000 over a three-year period, issuing 250,000 common shares over a four-year period and issuing 200,000 non-transferable share-purchase warrants to purchase an additional 200,000 common shares in the company over a four-year period. The warrants will be issued in four tranches of 50,000 warrants issued at 12-month intervals over three years at prices ranging from 33 cents to 80 cents. The first tranche of warrants expires one year from the date of regulatory approval, and each subsequent tranche will similarly expire after one year. These warrants are only exercisable if and so long as Valerie retains its interest in the property. A four-year exploration program totalling $500,000 must also be completed on the property. The property will also be subject to a 2-per-cent net smelter return royalty to the optionors, of which 50 per cent may be purchased for $2-million any time up to the date of commercial production.
The first cash payment of $18,000, the first share issuance of 25,000 common shares and the first issuance of 50,000 share purchase warrants are due to the optionors upon regulatory approval. There will be a four-month hold period, for the initial common shares issued and common shares issuable upon the exercise of share purchase warrants, up to and including April 7, 2002. Pursuant to the option agreement, Valerie is to incur its first exploration expenditures of $50,000 by Dec. 7, 2002.
There were no bonuses, finders' fees or commissions paid or shares issued in connection with the transaction.
(c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com
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