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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: hedger who wrote (9991)12/8/1998 10:35:00 PM
From: Wizzer  Read Replies (2) of 11676
 
Cypress Minerals Corp ****NEWS RELEASE******
CYP

Shares issued 13,970,781 Dec 7 close $0.14
Tue 8 Dec 98 Acquisition
Also BMA Mining Corp (BMA)
The VSE has accepted for filing an agreement dated Oct. 14, 1998 between BMA and Cypress whereby Cypress has been granted a right to earn 50 per cent of BMA's 100 per cent interest in three mineral claims in the Hislop Township, Larder Lake mining division, Ontario. Consideration is $10,000 payable to BMA, the cost of the first $100,000 in exploration expenditure, its share of the remaining option payments and exploration expenses pursuant to the underlying option agreements (a total of $48,000 over four years to each of the underlying optionors (Tom MacFarlane, Edward Shannon and Dave Riehl). The properties are subject to a 2 per cent nsr royalty in favour of the underlying optionors.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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