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Gold/Mining/Energy : Conquistador Mines Ltd. (CMG-V) -- Ignore unavailable to you. Want to Upgrade?

To: .Trev who wrote (1293)	7/27/2000 12:22:47 AM
From: russet	Respond to of 1419

Conquistador Mines Ltd - Conquistador to sell interet in Colombian program Conquistador Mines Ltd CMG Shares issued 43,663,907 2000-07-25 close $0.13 Wednesday Jul 26 2000 Mr. Raul Madrid reports The company has reached an agreement to sell a 7-per-cent interest in the Colombian regional exploration program to AngloGold South America Ltd. for $250,000 (U.S.). Conquistador and AngloGold have agreed to modify their heads of agreement dated Nov. 5, 1999, to reflect this change. Under this amendment, AngloGold has the right to acquire an additional 7 per cent of the regional exploration program by paying the $250,000 (U.S.) within 60 days. AngloGold must also complete the $2.5-million (U.S.) exploration financing by Nov. 5, 2004, to earn a total of 57 per cent. AngloGold completed the first six-month financing period by providing $250,000 (U.S.) through May 31, 2000, and, is presently financing the subsequent six-month program and must finance $500,000 (U.S.) by May 31, 2001. AngloGold has granted Conquistador the option to repurchase the 7-per-cent interest by paying AngloGold $750,000 (U.S.) before the end of three years from the date of this amendment to the agreement or 60 days from the completion of AngloGold's $2.5 million (U.S.) financing of the Regional project, whichever is earlier. By exercising this repurchase option, Conquistador Mines would bring its interest back up to 50 per cent of the regional exploration program. Conquistador will use the $250,000 (U.S.) from the sale to meet current corporate obligations and to provide working capital. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

To: .Trev who wrote (1293)	8/8/2000 3:07:21 PM
From: russet	Read Replies (1) \| Respond to of 1419

More good news, Conquistador appoints director Conquistador Mines Ltd CMG Shares issued 43,663,907 2000-08-04 close $0.12 Tuesday Aug 8 2000 Mr. Raul Madrid reports Fernando Rico, a retired mining engineer, currently residing in Munich, Germany, has joined the board of directors of the company. Mr. Rico has extensive mining and business experience in Colombia. As general manager of Mineros de Antioquia up until November, 1999, he was responsible for day-to-day operations of that company and was instrumental in having Mineros Nacionales, a company controlled by Mineros de Antioquia, enter into the contract with the company at Marmato. Mr. Rico will be of great assistance to the company in resolving its current contract matters with Mineros Nacionales involving the Marmato contract, previously referred to in Stockwatch April 27, 2000. His numerous contacts in Colombia together with his extensive work in that country should prove to be a considerable asset to the company's other exploration programs as well. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com