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Gold/Mining/Energy : Christopher James Gold Corp - CJG

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To: jerry janko who wrote ()3/1/1999 8:29:00 AM
From: George Castilarin   of 26
 
CHRISTOPHER JAMES GOLD CORP ("CJG-V;CJIMF-L") - Enters Into Shares For Debt Settlement

E. Brian Higgs, President & CEO of Christopher James Gold Corp. (the "Company") announces the Company has settled a debt totaling $9,288.48 payable to an insider of the Company. Pursuant to the terms of the debt settlement agreement, the Company will issue an aggregate of 51,602 common shares at a deemed price of $.18 per share. The share issuance shall be full and final settlement of the accrued amounts owing by the Company to the creditor. The common shares shall be subject to a 12 month hold period from the date the debt accrued due, December 10, 1998.

The proposed share for debt transaction is subject to acceptance by the Vancouver Stock Exchange. TEL: (604) 730-0444

E. Brian Higgs, President & CEO TEL: 1-888-492-6622 FAX: (604) 730-1301 Email: cjg-van@netcom.ca
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