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 : Indonesia:Is now the time to "bottom fish"?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: George Mousis who wrote ()1/28/1998 12:38:00 PM
From: Kent C.  Read Replies (1) of 13
 
Jan. 28 - WDA.ASE - Contract of Work Approved

TRADING SYMBOL: ASE-"WDA"

NEWS RELEASE

WEDA BAY MINERALS CONTRACT OF WORK APPROVED

JOINT VENTURE AGREEMENT WITH P.T. ANEKA TAMBANG SIGNED

Weda Bay Minerals Inc. advised today that it has received official notice from the Ministry of Mines and Energy that Indonesia's President Soeharto has approved the company's 7th Generation Contract of Work. The Ministry has advised that the signing is planned for the third week of February.

The corporation also advises that it has signed the joint venture agreement with P.T. Aneka Tambang.

A detailed news release covering the complete drilling program including assay and metallurgical results will be made in early February.

By Order of the Board
WEDA BAY MINERALS INC.

"Louis A. Clinton"
President

For additional information, please contact:

(604) 687-6223
or 1-888-933-2646
Fax: (604) 687-8646
E-Mail: ir@wedabay.com

The Alberta Stock Exchange has neither approved nor disapproved the information contained therein.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext