John, is the news release you are referring to the one posted below? What are you implying with your message? I don't want to sound critical but I also don't want to answer the wrong question.
Please clarify.
Thanks,
Essam.
----------------------------------------------------------------------
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: ARANLEE RESOURCES LTD.
VSE SYMBOL: ARB
MAY 8, 1996
Aranlee Appoints New Director and Consultant
SCOTTSDALE, ARIZONA--Aranlee Resources Ltd. ("Aranlee") is very pleased to
announce the appointments of Mr. Clive Johnson of Vancouver, B.C. as a
director and Mr. Tony Williams of London, England as a corporate consultant.
Mr. Johnson is Chairman, President, CEO and director of Bema Gold
Corporation with over 19 years experience in the mining industry. He is a
founding partner of the Bema Group of Companies which was established in
1980.
Mr. Williams is Chairman of the Dragon Group of Companies which provides
corporate and technical services to the mining industry. He is Chairman and
director of Kazakstan Minerals Corporation and is a director of Arian
Resources Ltd. and Bolivar Goldfields Ltd. Mr. Williams has over 26 years
of experience in the mining industry and was Head of International
Operations at Yorkton
Securities Inc. from 1987 to 1995. As a consultant, he will
provide corporate and strategic planning advice to the Company.
Aranlee has, subject to regulatory approval, allocated 325,000
common shares for director, consultant and employee incentive
stock options. These options, which are being granted in part in
connection with the appointments of Messrs. Johnson and Williams,
may be exercised in whole or in part until May 7, 2001 at a price
of Cdn. $0.84 per common share.
Aranlee is a mineral exploration company with 17 joint venture
properties in the Voisey's Bay area of Labrador, Canada and 8
properties in an emerging new precious metals district in
northern Argentina. The Company has 11,320,217 shares issued and
outstanding and 16,784,442 on a fully diluted basis.
On April 4, 1996 the Company's Statement of Material Facts
("SMF") was accepted by the British Columbia Securities
Commission and the Vancouver Stock Exchange qualifying two
previous brokered private placements: one dated August 16, 1995
and the other dated November 16, 1995. A total of 4,016,000
shares and 4,200,000 warrants were issued under the SMF. Monies
from these placements have been and are currently being utilized
to fund the exploration in Voisey's Bay and Argentina.
ON BEHALF OF THE BOARD
Stephen J. Kay,
Vice President and CFO
Vice President and CFO |
