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Gold/Mining/Energy : BLUE DESERT MINING, BDE-ASE -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (645)	8/16/2000 9:34:09 PM
From: Veteran98	Read Replies (1) \| Respond to of 673

Canada Fluorspar RTO nears completion Canada Fluorspar Inc CFI Shares issued 3,438,000 Apr 12/1999 close $4.51 Wed 16 Aug 2000 News Release Mr. Brian Fairbank reports Canada Fluorspar (formerly Blue Desert Mining) will be reinstated for trading Aug. 17, 2000, on the Canadian Venture Exchange. Canada Fluorspar has 3,438,000 shares outstanding. The trust agent for share conversion is Computershare Investor Services Canada of Vancouver. St. Lawrence fluorspar project The reverse takeover (RTO) transaction of Burin Fluorspar Ltd., while not yet finalized, is nearing conclusion. The merger is approved in principal by the regulatory authorities, subject to financing and filing of further documents. Canaccord Capital Corporation is sponsor of the RTO and, subject to completion of due diligence, will act as agent for a $3-million prospecting financing on a best-efforts basis. Agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion. Pogo area gold projects Canada Fluorspar and its wholly owned United States subsidiary Blue Desert Mining (U.S.) Inc., signed formal exploration, development and mine operating agreements with AngloGold (U.S.A.) Inc. on May 8, 2000, covering each of the Gobi, Mojave and Sahara properties in the Pogo area of Alaska. AngloGold will expend $750,000 (U.S.) on exploration for each property and make certain cash payments to Canada fluorspar to earn a 60-per-cent joint venture interest on a property-by-property basis. AngloGOld will spend approximately $300,000 (U.S.) on exploration in 2000. Prospecting and soil sampling programs were completed in July in anomalous gold areas identified by 1999 stream sediment sampling (Sevenmile Creek, Port and South Boundary areas). Detailed exploration work is currently under way in the target areas. Other projects The company is currently reviewing platinum/palladium and gold properties for acquisition. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com