China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (2580)	2/2/2004 6:24:58 PM
From: RealMuLan	Read Replies (1) of 6370

Linux Gold Corp. Acquires Option on Gold Assets in China VANCOUVER, British Columbia, Canada, Feb. 2, 2004 (PRIMEZONE) -- Linux Gold Corp. (OTCBB:LNXGF) and (GISBeX) wishes to announce it has acquired an option to purchase a 100% interest in a private company which holds a Certificate of Approval to do business in the Peoples Republic of China. The private company holds an 85% interest in a Co-operative Joint Venture with Bo Luo Nuo Wang Yuan Gold Mine Company ("BLN Gold") of Heibei Province, China. Linux Gold Corp. can earn a 100% interest in the private company, subject to a 5% net profits interest, by issuing 200,000 shares of Linux Gold Corp. in four stages and paying CAD$50,000 cash, and expending a total of CAD$500,000 in a three-phase work program. The private company has the following assets in China: primezone.com

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