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Gold/Mining/Energy : Minvita Enterprises Ltd. - MVE.v
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To: AriKirA who wrote (52)5/26/1999 7:28:00 PM
From: AriKirA   of 56
 
Minvita Enterprises Ltd -

Int'l Comstock terminates La Esmeralda property agreement
with Teuton and Minvita

Minvita Enterprises Ltd
MVE
Shares issued 6,842,121
1999-05-18 close $0.12
Tuesday May 25 1999
Also Teuton Resources Corporation (TUO)
Mr. Gary Schellenberg of International Comstock reports:

International Comstock Exploration has terminated its agreement with Teuton
Resources Corp., and Minvita Enterprises Ltd., to earn a 50 per cent interest in
the La Esmeralda property in Zacatecas, Mexico, due to a lack of financing.
Pursuant to the terms of the agreement the company had a firm commitment to
pay Teuton and Minvita a minimum of $300,000 toward earning its interest. The
company has negotiated to settle this commitment for $150,000 payable in shares,
whereby the company will issue 394,737 shares to each of Minvita and Teuton, at
a deemed price of 19 cents per share. The share issuance is subject to regulatory
approval.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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