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Gold/Mining/Energy : United Tex-Sol Mines (ASE:UTX.A) -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (387)2/29/2000 9:51:00 AM
From: Just G  Read Replies (1) | Respond to of 527
 
United Tex-Sol receives payment to extend option

United Tex-Sol Mines Inc UTX.A
Shares issued 18,032,896 Feb 28 close $0.28
Tue 29 Feb 2000 News Release
Mr. Eduard Ludwig reports
Kinross Gold Corporation has made a payment of $50,000 to extend its option
and continue to explore and evaluate the Clavos property located in
Timmins, Ont. This payment is due on March 1, 2000, pursuant to the
agreement between the company and Kinross which was entered into in
February, 1999.
At the time of this writing the drilling of the 20,000 metres as required
to earn the Clavos property under the Aur Resources agreement has been met.
The results of the final drilling will be made available when they are
received by the company.
A report from Kinross Gold Corporation is due by March 31, 2000, and the
results contained in that report will be released when they are available
to the company.
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