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Gold/Mining/Energy : SRR Mercantile Inc. (SRA.V)

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To: John Lister who wrote (103)5/21/1999 9:11:00 AM
From: John Lister   of 105
 
May 18, 1999 News Release

"SRR Mercantile Inc. (the "Company", wishes to announce that it has concluded the final settlement today, in respect of its aborted joint venture agreement of Nov 22, 1007, with Societe Victory S.A.R.L. All outstanding matters between the parties have been resolved.

The Company further announces that it now has title, and 100% undivided interest through a Malagasy subsidiary, in eight mining claims. Four of the claims are for sapphire exploration and exploitation in northern Madagascar. And the other four claims are for beryl (emeralds) in southern Madagascar."
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