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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Brian MacDonald who wrote (2158)	4/10/2000 11:01:00 PM
From: Wade	Read Replies (1) \| Respond to of 2229

Here we go: biz.yahoo.com Consolidated Silver Tusk Mines Limited (the Company) would further like to announce the successful negotiation and execution of a Convertible Loan Agreement with a private international investment company. Under the terms of this Loan Agreement, the lender has agreed to loan to the Company, an amount up to a total of USD$2 million. The loan has been structured as a credit facility, which the Company may draw against for the purpose of completing the expanded production plant at the Company's Indonesian property located on the island of Sumatra. .... The loan proceeds affords the Company the opportunity to complete its new production mill, which shall incorporate the existing mill. The upgraded existing mill equipment will in the interim three-month period be used for gold recovery, and shall be in operation until the newly planned plant expansion has been completed. Upon completion of the new plant, the company will be able to recover Au, Ag and Mn. The estimated cost for improving and expanding the existing mill will be US$1,25 million, and this expansion process is expected to be completed over a 90-day period. The Company plans to generate immediate cash-flow through its initial production activities, scheduled to start this week, and to substantially increase this cash-flow, following the three to four month period that it will take to complete the installation of the additional plant equipment. The Company feels confident that they will repay whatever principal amount had been drawn from the USD$2 million credit facility, prior to March 1st, 2002. Through the existing mine plant for which the new production mill has been designed, the Company anticipates to show a profit within it's first twelve months of operations. ....and more. Good luck to all shareholders. Sincerely, Wade