Hard to believe that a volume of 6900 shares could bring the price down 2 and 1/4 points...
NEWS:
Brush Creek Mining's Merger With J.A.B. International is Completed
GRASS VALLEY, Calif.April 14, 1999--Brush Creek Mining and Development Company, Inc. (OTC BB:BCMDD), announced Wednesday that its merger with J.A.B. International Trading Co., has been completed.
The entity's name has been changed to J.A.B. International, Inc., and a new trading symbol will be applied for.
J.A.B. International, Inc. has extensive gold and diamond mining assets in the Central African Republic, and a 45,000 acre placer "Esperanza" gold mine concession in Southeastern Honduras.
Brush Creek has mining properties in Northern California, including a total of 8,063 acres of patented and un-patented lode and placer claims. The company believes that this land package is the largest that has ever been acquired within the Downieville mining district, known for its high grade gold deposits.
J.A.B International has completed initial testing of its Central African properties with very encouraging results, having located 0.23 carats of diamonds and 0.2 grams of gold per cubic meter of gravel tested. A full geological and engineering report is being completed on the "Esperanza" project in Honduras.
The discussion in this statement regarding the Company and its business and operations includes "forward-looking statements." Such statements consist of any statement other than a recitation of historical fact, and can be identified by the use of forward-looking terminology such as "may," "expect," "anticipate," "estimate," or "continue," or the negative thereof or other variations thereon or comparable terminology. Forward-looking statements are necessarily speculative, and there are certain risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. The Company does not have a policy of updating or revising forward-looking statements; thus, it should not be assumed that silence by management of the Company over time means that actual events are bearing out as estimated in such forward-looking statements.
CONTACT:
Brush Creek Mining and Development Co. Inc., Orlando
Jefferson A. Bootes, President, 407/829-4433
KEYWORD: CALIFORNIA FLORIDA |
