To: zedex who wrote (1552 ) 3/2/2000 10:41:00 PM From: zedex Read Replies (1) | Respond to of 1707
The guy made 75000 US in a half hour. Oh well - it is taxable down there. Up here it would have been free. Here is the release. Date: Thu, 02 Mar 00 16:49PM PST From: "MAJOR GENERAL RESOURCES LTD." <info@majorgeneral.com> Add To Address Book Add To Junk Mail Blocker List To: info@majorgeneral.com Subject: NEWS RELEASE 00-04 More Details <bold>MAJOR GENERAL ANNOUNCES </bold> 1550 - 409 Granville Street Vancouver, B.C. V6C 1T2 Tel. (604) 685-5254 Fax: (604) 685-2814 Date: March 2, 2000 Trading Symbol (CDNX-M GJ) Shares Issued: 41,742,995 News Release 00-04 <bold>SALE OF HAMMERDOWN/RUMBULLION GOLD DEPOSIT COMPLETED </bold> The sale of Major General's Hammerdown/Rumbullion Gold Deposit to Abiting Inc. has been completed. Abiting has paid $3,400,000 in cash for the Deposit located in the Springdale-King's Point mining district of Newfoundland and will pay a further $600,000 at the rate of $10 per ounce of gold produced in excess of 70,000 ounces to 130,000 ounces. After 200,000 ounces of production Major General will receive $20 per ounce provided the price of gold exceeds US $290 per ounce. Additionally, Abiting has agreed to purchase all of the third party royalty interests and to cancel these royalties and back-in rights on that portion of the Rendell-Jackman mineral claims retained by Major General outside that portion of the Hammerdown/Rumbullion Gold Deposit. The Rendell-Jackman claims include the Lochinvar Base Metal Deposit containing 570,000 tonnes of 7% Zn equivalent as well as 3 kilometers of the Hammerdown deformation zone which has demonstrated gold potential. Two kilometers southwest of the Hammerdown Deposit, Major General owns a 100% interest in the Orion Gold Deposit which has been partially drilled and contains a resource of 60,000 ounces of gold to a 300 metre depth. Major General will continue to explore its Newfoundland holdings for both gold and base metals. William J. Coulter President For further information, please call: Major General Resources Ltd. Telephone: (604) 685-5254 1-800-667-7866 majorgeneral.com Email: info@majorgeneral.com The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Netcenter Help