J.A.B. International Revises Funding Estimates as Result of
Pending Acquisitions
ORLANDO, Fla.--(BUSINESS WIRE)--May 20, 1999--J.A.B. International, Inc. (OTC BB:BCMDD - news), has announced that it is
revising its offering memorandum upward from $10 to 12 million as a result of the pending acquisition of McLaughlin Engineering
& Mining Company and the purchase of the Ruby Mine located in Northern California.
McLaughlin Engineering & Mining Company is a well-established firm in the international mining community that will oversee and
help develop J.A.B. International's Northern California mining properties and contribute to the development of the Company's
worldwide operations. McLaughlin has over $3 million in annual, audited revenues.
The Ruby Mine is a leased property that ranks as one of the most famous underground placer mines in the world. This mine is one
of the few in California that has opera ted as a profitable lode gold operation, with production estimates equal to 185,000 ounces
of gold. J.A.B. International is in negotiations to purchase the Ruby Mine property.
J.A.B. International Inc. was established in 1992 for the purpose of mining and exploring diamond and gold properties in the
Central African Republic.
In 1997 JAB acquired the ''Esperanza Gold Project,'' a 45,000 acre placer gold mine in Southeastern Honduras. Limited
exploration has been undertaken, with a full geological and engineering report scheduled to be completed by mid-1999.
JAB has just completed a merger with Brush Creek Mining & Development Company, which owns or leases thirteen former
producing gold mines in the most famous high-grade gold district in Northern California. The company currently has over 8,000
acres of patented and unpatented lode and placer claims. In addition the company controls 49,000 feet along a major gold
bearing structure. |
