Negotiations Started to Merge Minera Humaya With
Panther Resources
Business Wire - October 19, 1998 13:25
VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 19, 1998--Gordon Muir, CEO of Panther
Resources (Nasdaq BB:PTHR), wishes to announce that negotiations have begun between Panther
and Minera Humaya to merge these two companies which will eliminate the current purchase
agreement.
While in Mexico, on Oct. 15, 1998, the executives of Minera Humaya and Panther Resources signed
an agreement resulting in Minera Humaya being responsible for the administration of the operations
and Panther Resources taking over responsibility for all of the mining and milling functions at the La
Verde properties. This agreement marks the beginning of a new relationship with the two companies.
Panther Resources is a silver mining company currently working in Sinaloa Mexico on the properties
known as La Verde.
For further details on this new arrangement or for further information, please contact our office
toll-free at 888/346-3456 or at 604/689-5377, or visit our comprehensive web-site at
pthr.com.
Certain statements in this Corporate Update constitute "forward- looking" statements within the
meaning of section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements
involve risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
CONTACT: Margie Adelman, 561/998-4888 |
