more news today about their joint mine in Indonesia..
Attention Business Editors:
ROTHSCHILD EMERGING MARKETS L.L.C. (ROTHSCHILD) ACQUIRES
STAKE IN JAVA
GOLD CORPORATION
NEW YORK, July 25 /CNW/ - Rothschild Emerging Markets L.L.C.
(``Rothschild'') announced that funds over which it exercises control
of direction have acquired 793,200 shares of Java Gold Corporation
(``Java'') through market transactions.
As a result of these acquisitions, the funds own, in aggregate,
2,638,456 common shares of Java.
The acquisition of common shares and common share purchase
warrants of Java was accomplished in the normal course of investment
activities of Rothschild.
The funds have no present intention to acquire additional common
shares of Java. However, the funds may, depending on the
circumstances, acquire additional common shares of Java in the
future.
Rothschild directed the purchase of these shares on behalf of
Croesus Emerging Markets Resources Fund L.P., Croesus Emerging
Markets Resources Fund L.L.C., Croesus Fund, L.P., and Croesus-EMTR
Fund S.A.
For further information: Bruce Gille of Rothschild Emerging Markets, (212)
403-5400
18:02e 25-JUL-96
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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: JAVA GOLD CORPORATION
CANADIAN DEALING NETWORK SYMBOL: JVAG
AUGUST 29, 1996
Java Gold Corporation Results to June 30th, 1996
TORONTO, ONTARIO--Revenue for the period February 14, 1996 to June 30, 1996
for the Company was $60,518. The net loss for the period February 14 to
June 30, 1996 was $1,931.
During the period February 14, 1996 to June 30, 1996 the Company has
incurred approximately $201,000 in direct costs on the exploration and
development of the Company's gold projects on the island of Java, Indonesia.
As at June 30, 1996, Java Gold's working capital was approximately US$11
million.
Java Gold has 17,620,911 shares outstanding on an undiluted basis.
Java Gold Corporation is a Canadian company listed on the Canadian Dealing
Network (Symbol "JVAG").
-30-
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