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Gold/Mining/Energy : Big Valley Resources (BV-ASE) -- Ignore unavailable to you. Want to Upgrade?


To: Spiney who wrote (204)11/1/1999 7:42:00 PM
From: bcjt  Read Replies (1) | Respond to of 231
 
Big Valley financing update

Big Valley Resources Inc BV
Shares issued 21,359,310 Oct 29 close $0.28
Mon 1 Nov 99 News Release
Mr. Lloyd Tattersall reports
Big Valley, through the company 580085 B.C. Ltd., has made the Oct. 30,
1999, payment to Kinross Gold Corporation in the amount of $200,000.00 with
regards to the purchase agreement of the QR Gold Mine. Big Valley has the
right to buy the shares of 580085 B.C. Ltd. for the nominal amount of
$10.00. 580085 B.C. Ltd. has borrowed the $200,000.00 from an arm's-length
third party and the loan is repayable on April 30, 2000. Subject to Alberta
Stock Exchange approval, the principle amount of the financing is
convertible to Big Valley shares at 25 cents per share and
10-per-cent-per-annum interest applies.
Contingent with this finance package, 580085 B.C. Ltd. has signed an
agreement with the lender to supply 580085 B.C. Ltd. with a standby letter
of credit in the amount of $3-million on or before Dec. 31, 2000. 580085
B.C. Ltd. has given the lender the exclusive right to contract equipment
and labour at the QR Gold Mine at industry standard rates, subject to the
confirmation of the acquisition of the QR Gold Mine. A final payment of
$3-million is due Kinross on or before April 30, 2000.
580085 B.C. Ltd. is negotiating further financing. When complete, Big
Valley intends to exercise its option to acquire 580085 B.C. Ltd. whereby
580085 B.C. Ltd. would become a wholly owned subsidiary of Big Valley. This
transaction was approved by the shareholders of Big Valley on the Oct. 8,
1999, meeting and is subject to Alberta Stock Exchange approval.
The company wishes to thank the shareholders for their support, as all the
ongoing business resolutions presented by the company, at the Oct. 8, 1999,
meeting, were approved by the shareholders.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

bcjt



To: Spiney who wrote (204)3/28/2000 9:21:00 AM
From: bcjt  Respond to of 231
 
Well i think we are finally there.The drop dead date is end of april with the kinross mine.Money should be in the bank shortly & this stock can finally start working it self back up over $1,$2 or?? They will even have some mined gold to sell this year.Now they can get onto the next deal!

bcjt



To: Spiney who wrote (204)8/22/2000 8:28:15 PM
From: bcjt  Respond to of 231
 
AUGUST 22, 2000 - 11:38 EDT

Big Valley Resources Inc.: Agreement For The Purchase of
The QR Mine Completed

WILLIAMS LAKE, BRITISH COLUMBIA--Lloyd Tattersall, President of
Big Valley Resources Inc. (the "Company") is pleased to announce
that the Company has signed an agreement with Dean Mason, CA. and
568674 British Columbia Ltd. and related companies of Prince
George, British Columbia, regarding the purchase of the QR Mine
(the "Mine") and other assets.

The Mine is located in central British Columbia, Canada and
adjoins the Company's claims on its northern boundary. The Mine
was owned and operated at a rate of 1000 tonnes per day, from May,
1995 to April, 1998, by Kinross Gold Corporation ("Kinross") and
produced 128,391 ounces of gold. 568674 British Columbia Ltd. and
related companies recently acquired the Mine and its assets from
Kinross and have agreed to sell the Mine and the assets to the
Company.

The purchase price of $4.5 million dollars is payable over three
years, commencing January 1, 2001 together with interest at prime
plus 1%, and the issuance of 6,176,470 shares of the Company.

The Company and its Financiers have agreed to raise a further $5
million dollars to invest into the project to facilitate working
capital, exploration and bonding.

In order to expedite the transition from a junior exploration
company to an operating mining company, the Company will appoint a
new Chief Executive Officer and Chief Financial Officer with
international experience. To accommodate this, the current Chief
Executive Officer/President, Lloyd Tattersall and Chief Financial
Officer, Egil Livgard, have agreed to step down as Officers and
Directors of the Company but will continue to give their valuable
expertise as consultants to the Company. In addition, John Enns
has agreed to rejoin the Board.

The acquisition of the Mine and its assets is subject to the
acceptance of the CDNX.

ON BEHALF OF THE BOARD

Lloyd Tattersall, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Big Valley Resources Inc.
Mr. Lloyd Tattersall
President
(250) 243-2279
Website: www.bigvalleyres.com
or
Big Valley Resources Inc.
Mr. John Enns
(604) 824-2122

The Canadian Venture Exchange has neither approved nor disapproved
the information contained herein.



To: Spiney who wrote (204)4/20/2001 1:53:06 PM
From: bcjt  Respond to of 231
 
Big Valley receives CDNX approval
Big Valley Resources Inc BV
Shares issued 22,842,889 Feb 22 close $0.13
Fri 20 Apr 2001 News Release
Mr. Art Thiessen reports
Further to Big Valley's press release as reported in Stockwatch April 16,
2001, the Canadian Venture Exchange has approved a purchase and sale
agreement between the company and 568674 British Columbia Ltd. whereby the
company acquires the right to purchase a 100-per-cent interest in the QR
mine property near Quesnel, B.C.
The exchange has also approved the creation and execution of an escrow
agreement wherein approximately $1.4-million will be raised and held for
the following:
six months of general and administration cost;
six months of loan payments;
reclamation bonding; and
first phase of exploration.
The company will file a final and executed copy of the escrow agreement
along with a debt settlement agreement with trade creditors and insiders at
terms which are satisfactory to the exchange when available.
The company expects its shares will resume trading Monday, April 23, 2001.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com

bcjt



To: Spiney who wrote (204)7/4/2001 3:28:52 PM
From: bcjt  Respond to of 231
 
Big Valley Resources Inc BV
Shares issued 22,842,889 Jul 3 close $0.13
Wed 4 Jul 2001 News Release
Mr. Stuart Tennant reports
E.P. McGovern, CA, and L.P. Abbott, have been appointed directors to
replace D. Mason and A. Thiessen who have resigned effective June 30, 2001.
In addition, Mr. McGovern has been appointed president to replace Mr.
Mason.
Mr. McGovern currently serves on the boards of Colbalt Refinery Ltd. and
Martin Mines Ltd. Prior to becoming an independent consultant in 1981, he
held the position of chief internal auditor of Canadian International Paper
Company. He is a graduate of McGill University and a member of the Order of
Chartered Accountants of Quebec.
Mr. Abbott has over 20 years business administration experience, in
addition to 13 years in equipment performance and cost analysis.
The company wishes to thank Mr. Mason and Mr. Thiessen for their valuable
contribution to the company over the past months.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com



To: Spiney who wrote (204)1/25/2002 8:38:00 AM
From: bcjt  Respond to of 231
 
Big Valley's QR property acquisition approval withdrawn

Big Valley Resources Inc BV
Shares issued 25,771,533 Jan 24 close $0.04
Thu 24 Jan 2002 News Release
Mr. Edward McGovern reports
The Canadian Venture Exchange has withdrawn Big Valley Resources'
submission No. 60949, covering the acquisition of the QR property located
near Quesnel, B.C. Kinross Gold Corp. is the recorded owner of the QR
property. Previous filing with the CDNX, as reported in Stockwatch on April
16 and 20, 2001, will not be proceeding, and the conditional approval
previously granted by the CDNX on April 20, 2001, has been rescinded as the
CDNX's conditions were never satisfied. The company has not made any
application with the CDNX regarding proposed acquisition of the QR mine at
this time. Should the company propose to acquire the property in the
future, a new filing must be made with the CDNX and regulatory approval
will be required.
The company erred in its news release of May 2, 2001, concerning the
airborne survey completed on the QR property. The company does not own the
QR property, and will not be reporting the survey results.
In reference to the management discussion for the period ended June 30,
2001, the company wishes to clarify that it had negotiated an agreement
with certain shareholders and former insiders on a shares-for-debt
transaction for the amounts shown on the balance sheet as of June 30, 2001.
These transactions were not completed:
Loan payable: $111,197
Due to related parties: $350,413
These agreements are being renegotiated, as the time frame required by the
CDNX of 30 days elapsed before the transaction could be completed. The
company will submit a proposal for acceptance by the CDNX in the next few
days.
(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com