IKAR ANNOUNCEMENT RE: Joint Venture Summit (for those too lazy to click on the previous link):
Monday October 26, 6:58 am Eastern Time
Company Press Release
Joint Venture Summit Announced
VANCOUVER, Canada--(BUSINESS WIRE)--Oct. 26, 1998--(OTC:IKAR - news)
Management announces the conclusion of their meetings with Tajikistan President Rakhmonov,Khursan Mirzoshapirove, Chief of IKAR Operations, Prince Aga-Khan IV and representatives ofthe Aga-Khan Foundation for Economic Development of the Republic of Takisitan.
Both President Rakhmonov and the Aga Khan publicly expressed their appreciation, and keen interest in further development of the region by IKAR Mineral corporation and stated their support would continue through the mining production. They further acknowledged the great progress made to date and emphasized how IKAR was beneficially impacting on their economy.
But the highlight of the meetings was the expressed interest of the Aga-Khan to establish a potential joint-venture relationship between the Aga-Khan foundation and IKAR as stated by the foundation's director Mr. Hakim Firista.
Thus a strategic partnership is under consideration and subsequent meetings with the Aga-Khan at the foundation's head office in Paris are being scheduled for November. IKAR management anticipates substantial progress to be made in this area and is very hopeful for a favorable outcome.
For more information about this and other developments please visit the company's web site at www.IKAR.com or call 1-888-322-4527 for a free investor's package.
Hereby authorized for immediate world-wide release by: Randall Andrus, President IKAR Mineral Corporation
Contact:
IKAR Mineral Corporation
Lynda Vallon, 888/322-4527
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