SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alan Lim who wrote (124)10/15/1997 8:49:00 PM
From: kevin aseltine   of 208
 
The latest press release , how does everybody interpret this or
is anybody still in this dog ??

Kevin

OCTOBER 15, 1997

Riosun Resources Corporate Update

CALGARY, ALBERTA--The Company's President has recently returned

from a trip to Madagascar, where he met with several senior

Government officials. Pursuant to these meetings, it became

evident that Riosun would not continue with the Glamorgan

Agreement in its present state. Riosun has notified the V.S.E.

that it is withdrawing its application for approval of the

Glamorgan Agreement.

The President reviewed the status of it's Emerald property with

Mr. Laloup of Eximad, to determine precise requirements to enable

the opening of the mine. Riosun has determined that its primary

focus in the near term, will be to develop the Eximad Emerald Mine

and to bring it back into production. With this in mind, the

Company has postponed its negotiations to acquire mineral property

interests in the Peoples Republic of China, at this time.

While in Madagascar, the Company made application for a number of

mining concessions, and negotiated additional property to augment

its current Gem properties, which will be finalized during the

next 30 days.

A full report relating to the recent trip to Madagascar will be

reported to the Company's shareholders in due course.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Riosun Resources Corporation

P.C. Cochrane

President and Chief Executive Officer

(403) 266-3644

(403) 266-3648 (FAX)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News