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Gold/Mining/Energy : AJ PERRON

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To: Steve who wrote (24)	2/17/1998 5:31:00 PM
From: Benjamin Ng	of 25

Thanks for the information, Steve. Interesting news related to AJ Perron. Sikaman Gold Resources (SKG.T) is acquiring 50% of some Co/Zn properties from AJ Perron. See SKG's news release at newswire.ca. Also, the news was mentioned in the Financial Post. Sikaman Gold Resources Ltd SKG Shares issued 110444486 1998-02-16 close $0.035 Tuesday Feb 17 1998 The Financial Post reports in a Dow Jones dispatch in its Tuesday edition that Sikaman Gold Resources plans to buy about 50 per-cent of the Hebecourt/Magusi copper-zinc properties in northwestern Quebec from AJ Perron Gold and Espalau Mining in exchange for a development financing commitment. The exact interest will be determined after a detailed review and audit of the properties' geological data. After the review, Sikaman plans to sell a $20 million royalty interest in the properties for capital to bring them into productio in 12 to 15 months. It did not disclosed who will buy the royalty. The royalty will be based on revenue from the two projects. Initial gross proceeds of the royalty sale will be about $3 million, to be received in three instalments of $1 million.

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