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 : Dynamix Corp (DYX was Dakota Resources, DAK)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Donald F. DeKold who wrote (50)10/17/1996 1:35:00 PM
From: Donald F. DeKold   of 587
 
Latest news release (10/17/96)...

Dakota Resources Limited - News Release

Mexican exploration contract

Dakota Resources Limited DAK
Shares issued 16,079,587 Oct 16 close $0.44
Thu 17 Oct 96 News Release

Mr J. Robert Bateman reports
The company has signed a letter contract with J.F. Touborg Consultants, a
mineral exploration service company based in Toronto, to explore for gold
in Mexico. The company will pay nothing to Touborg other than direct
expenses and charges for the image enhancement technology, unless Touborg
finds proven reserves of gold. Touborg will receive US$1.00 for every ounce
of proven gold that they find up to a maximum of US$5 million through
December 31 1997. Each ounce must be deemed economically mineable and must
be certified to yield a minimum per ounce net profit of US$100 to the
company.
The company's decision to employ Touborg to prove up reserves and assist in
establishing an operation in Mexico is designed to make the company and its
assets more attractive to the investment banker that has proposed a private
placement and sale of US$10-15 million of the company's common stock on a
best efforts basis with no more than a 25% dilution to the company.
(c) Copyright 1996 Canjex Publishing Ltd.
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