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Microcap & Penny Stocks : IKAR Mining Tungsten iron ore gold silver copper cobalt
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To: MoneyMade who wrote (433)11/23/1998 2:56:00 PM
From: MoneyMade  Read Replies (1) of 631
 
Merry Christmas!
VANCOUVER, British Columbia--(BUSINESS WIRE)--Monday IKAR (OTC:IKAR - news) management announced that The China Trade Commission has informed the company that an investment group in Hong Kong interested in the advance purchase of IKAR's entire tungsten production has invited IKAR CEO Randall Andrus to visit with the group's representatives in Hong Kong for preliminary negotiations.

The meeting is being planned for early December. ''If these negotiations are successful, the company could profit handsomely,'' remarked Andrus. At the request of the Hong Kong investment group, The China Trade Commission has refused to identify the Chinese principals at this time. IKAR management suspects this may be due to political considerations in the region. None the less, Andrus is looking forward to the meeting.

IKAR owns the mineral rights to over 400 square kilometers of land in Tajikistan known to have substantial deposits of high-concentrated and high-grade Tungsten, cobalt, gold, and other strategic and/or precious metals.

Although China (a leading consumer of tungsten) also has its own limited supplies of tungsten, it is of an inferior grade and located in remote areas that make it prohibitively expensive to mine.

For more information about this and other important developments, the company invites you to visit it's web site at www.IKAR.com or call 1-888-322-4527 for a free investor's package. The U.S. office of the China Trade Commission can be reached at 305/262-2626.

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