MIQ PRESS RELEASE AND COMMENTARY FROM PRESIDENT
Good afternoon to you all. Please find enclosed the following press release from Mirandor Explorations, as well as, some commentary from the company and new President, Gilles Laverdiere.
Regards,
AGORA Internet Relations Corp.
agoracorp.com
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EXPLORATION MIRANDOR INC.
PRESS RELEASE April 6, 1999
Exploration Mirandor Inc. (MIQ-ME) is pleased to announce that it has
entered into a private placement agreement with a director of the company
for the issuance of 500,000 units to raise $80,000. Each unit will comprise
one common share at $0.16 per share and one share purchase warrant. Each
warrant may be exercised to purchase one common share at $0.21 for a period
of 18 months.
The funds will be used for the development and exploration of the company's
projects.
This transaction is subject to regulatory approval.
For more information, please contact:
Mr. Gilles Laverdière, president
Montreal office Tel: (514) 285-8565
Fax: (514) 285-1617
Please visit this site for more info on MIQ
stockhouse.com
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MIQ CORPORATE UPDATE
Good morning to you all. Pursuant to Mirandor's most recent press release, please find enclosed some comments from the company, as well as, MIQ President Gilles Laverdiere.
Mr. Laverdiere was a co-founder of Mirandor Explorations and the company's first president. His strong technical background and experience was a large factor in assembling and obtaining the Railroad Project. As such, the company is very pleased to have Mr. Laverdiere back as the new president and is looking forward to the results of his 100% commitment to Mirandor operations.
As one of his first objectives, Mr. Laverdiere is currently focusing on further financing for the company and he reports there are many alternatives currently under review. All new financing will be committed to the company's current Nevada mining properties, as Mr. Laverdiere believes the future success of Mirandor lies in these very promising projects. Specifically, the company holds very prospective properties in the Battle Mountain Trend and would like to make further additions in this region.
With respect to current prospects, Mr. Laverdiere is very positive about the previous drilling results and anticipated drilling season at Railroad with joint venture partner, Kinross Gold.
Mr. Laverdiere would like to acknowledge the efforts of Mirandor's previous president, Mr. James Speros and had the following comments to make. “Mr. Speros was instrumental in Mirandor's most important event to date, the signing of our joint venture partnership with Kinross Gold. This agreement insures that Mirandor's crowning asset, the Railroad Project, will have the best opportunity at creating value for all MIQ shareholders for many years to come. Unfortunately, Mr. Speros entry into the junior mining industry followed the Bre-x debacle and precluded him from using his skills and abilities to further the company's interests. However, the fact that we are here and funded for drilling at Railroad, while other junior mining companies have collapsed, is a testament to his work.”
Finally, Mr. Laverdiere would like to thank all MIQ shareholders for their patience as the company operated during a very difficult period for the mining industry. Mr. Laverdiere understands the challenges facing Mirandor and it's shareholders due to his long and extensive experience in the mining industry. To this end, he had the following comments to make:
“The junior mining industry has gone through many up and down periods in my time. What has always made the difference for the companies that survived and prospered are good properties, good partnerships and dedicated management. I can say with complete confidence that Mirandor brings all of these factors to its shareholders and for these reasons, Mirandor is one of the best positioned junior mining companies in North America. We look forward to continued excellent drilling results out of Railroad in 1999 and our best efforts to create value for company shareholders who have been patient enough to give us the necessary time to accomplish this goal.
That is all for now.
Have a great day.
Regards,
Agora Internet Relations Corp
agoracorp.com
DISCLOSURE STATEMENT
AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc. for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in Mirandor Explorations Inc. AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals.
AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in the company.
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