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Gold/Mining/Energy : SPUR VENTURES STARTING TO MOVE TARGET 9.00 -- Ignore unavailable to you. Want to Upgrade?

To: ROBROY who wrote (1182)	1/12/2000 8:15:00 PM
From: George Hassen	Respond to of 1248

Spur signs three MOU for proposed Yichang project Spur Ventures Inc SVU Shares issued 17,634,328 2000-01-10 close $0.6 Tuesday Jan 11 2000 Mr. Y.B. Ian He reports The company has signed three memoranda of understanding in the areas of raw material supply and product distribution, storage and marketing for the proposed Yichang phosphate project. The company signed a memorandum of understanding with Togliattiazot Corporation whereby Togliattiazot will supply ammonia to the proposed Yichang phosphate operation. According to a report, which is part of the bankable feasibility study on the Yichang project being prepared by Jacobs Engineering Inc., the proposed Yichang phosphate operation will require approximately 140,000 tonnes of ammonia per year. Togliattiazot is currently the largest ammonia producer in the world with an ammonia capacity of three million tonnes per year. It has its export base on the Black Sea and its production base in Russia endowed with an abundant natural gas supply. The company also signed a memorandum of understanding with SINOTRANS (Hubei) whereby SINOTRANS will provide shipping, custom clearance, transportation, distribution and other logistic services for the proposed Yichang phosphate operation. SINOTRANS is a multinational conglomerate headquartered in Beijing, China, engaging in regional and cross-border shipping, warehousing, distribution, trucking, air courier and international trade with a well established domestic and global network. The company also signed a memorandum of understanding with China Chem whereby China Chem will provide warehousing and distribution service for phosphate fertilizer products which the company proposes to produce. China Chem is one of the largest domestic chemical distribution companies in China. It is engaged in transshipping, warehousing, and distribution of a variety of commodities including fertilizers, sulphur, ores, inorganic chemicals, organic chemicals, metals, cement, and timber. The Yichang phosphate deposit is located in central China in the middle reach of the Yangtze River. In March, 1999, the Chinese government gave the company an exclusive right to earn a 90-per-cent interest in the project. The conceptual study by Jacobs proposed an integrated phosphate rock mining and fertilizer manufacturing operation and called for the production of 480,000 tonnes per year diammonium phosphate (DAP) and 480,000 tonnes per year compound fertilizer (NPK). The final phase of a bankable feasibility study is currently under way, with completion expected in the first half of this year. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

To: ROBROY who wrote (1182)	1/12/2000 8:17:00 PM
From: George Hassen	Read Replies (1) \| Respond to of 1248

Spur to make normal course issuer bid Spur Ventures Inc SVU Shares issued 17,634,328 2000-01-12 close $0.65 Wednesday Jan 12 2000 Mr. Y.B. Ian He reports Spur Ventures intends to acquire up to 881,716 of its shares, approximately 5 per cent of the 17,634,328 common shares presently outstanding, by purchasing its own shares through the facilities of the Canadian Venture Exchange at prevailing market prices. As the Canadian Venture Exchange has accepted Spur's notice of intention to make a normal course issuer bid, purchases may occur between Jan. 17, 2000, and Jan. 16, 2001. Management is of the opinion that the shares of Spur are undervalued in the current market and the current share price does not reflect its balance sheet and portfolio of prospective mineral properties. Further development of properties currently under management is contemplated in the near future. Directors and senior officers of Spur are not aware of any previously undisclosed material changes or plans or proposals for material changes in the affairs of Spur, nor do any of the directors and officers have the present intention to sell shares of Spur during the normal course issuer bid. Spur is limited, pursuant to the policies of the Canadian Venture Exchange or issuer bids, to purchase no more than 352,686 shares (2 per cent of the shares outstanding) during any 30-day period or 881,716 shares (5 per cent of the shares outstanding) during a one-year period. There is no obligation on Spur to purchase any of its shares. The directors may determine at anytime to cease the buy-back program. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)