Property acquisition closed
Minvita Enterprises Ltd MVE
Shares issued 5,714,827 Jun 19 close $0.26
Mon 22 Jun 98 News Release
See Augusta Gold Corp (AG) News Release
Mr. Richard Warke reports
Further to news in Stockwatch Feb. 23, 1998, the company has received the
acceptance for filing from the VSE for an option agreement whereby the
company may earn from Teuton Resources and Minvita Enterprises a 50 per
cent interest in the El Real concession in the state of Zacatecas, Mexico.
Consideration is payments of $175,000 cash and 200,000 shares and incur
work commitments of $1,000,000 within 18 months. The initial work
expenditures of $200,000 to be completed within six months of exchange
acceptance is a firm commitment. The shares of which the initial tranche of
50,000 shares has been issued, are subject to a hold period expiring Feb.
23, 1999.
The plan of arrangement to enhance shareholder value as announced in
Stockwatch April 28, 1998 is proceeding. The management proxy circular and
related documentation for the annual and special general meeting to be held
June 30, 1998 was recently distributed.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
p.s. Your email doesn't work Greg. |
