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Gold/Mining/Energy : ADRIAN RESOURCES

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To: Jim & Elke Mitchell who wrote ()	2/21/1997 8:12:00 PM
From: Thomas Blanchard	of 56

Good news ADRIAN RESOURCES LTD reported a comprehensive shareholders agreement respecting the development of the Petaquilla Property has been signed by Adrian, Teck Corporation and Inmet Mining Corp. Under this agreement, Teck will carry out the additional exploration and feasibility work announced in Adrian's January 22 news release and will complete a final bankable feasibility study on the Petaquilla project by January 21, 1998. Teck also agreed to purchase 1.0 mln shares of Adrian on the open market by April 22, 1997 and 500,000 shares from the treasury of Adrian at a price of $3.45 per share by March 7, 1997. (PR Newswire 03:01 PM ET 02/21/97) For the full text story, see merc.com

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