Caussa Capital (formerly Antares) T.CAU Message Board

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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: Mike G who wrote (3909)	7/29/1998 11:24:00 AM
From: Gabe Heti	Read Replies (1) of 4718

Mike, talked to Cynthia Dean, Vice-President Projects at Antares at length this morning. I will post a more complete response tonight, but briefly for now: there is no significance to the change of operatorship. It is only for the next phase of drilling to commence next week. Antares, AGC and Strathcona are working together to define targets etc. There is complete agreement as to their interpretation of the geology and the direction of exploration. Cynthia will be on site for the start of drilling. Simply, AGC will fund this phase of the work expected to cost $300,000. Antares has four more years to spend an additional $1.4 million to increase their stake to 55%. They are at 39.6% now and will not in any way be diluted by the upcoming work program. I will post a more detailed message tonight. Gabe

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