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

To: Dale Schwartzenhauer who wrote (654)	9/8/2000 11:01:14 AM
From: Walter Kraus	Read Replies (1) \| Respond to of 673

Sad... Although I no longer hold shares (was EXTREMELY lucky to have sold before BDE decided to become a talcum powder supplier) What's the difference between a Tier I company and a Tier II company? CANADA FLUORSPAR INC ("CFI-V") - Burin RTO Agreement Terminated Brian Fairbank, President of Canada Fluorspar Inc. (formerly Blue Desert Mining Inc.), announced that the Company and Burin Fluorspar Ltd. have terminated negotiations towards completing the Reverse Take Over (RTO) of Burin by Canada Fluorspar as contemplated in the Share Exchange Agreement dated August 8, 1999. The extraordinary length of time and the additional expenditures needed to deal with Burin and financial issues have contributed to this decision. Each company has agreed to be responsible for their respective expenditures made in relation to the Share Exchange Agreement. The Board of Directors has accepted the resignation of Alex Harris, formerly President of Burin Fluorspar Ltd. Other Canada Fluorspar Inc., through it''s US subsidiary, continues with gold exploration in the Pogo area of Alaska. A field camp is currently established on the "NE Gobi" gold target on the Gobi Property and a detailed evaluation including trenching is underway. The Company will complete a working capital financing of up to $200,000 at a price of 12 cents per share and will enter into debt settlement agreements with certain creditors to settle an aggregate of $195,000 of debt. The Company is proceeding with the filing of an Annual Information Form with the expectation that the shares to be issued will be subject to a four-month hold period. Further details of the financing will be disclosed in a separate news release. The Company will seek shareholder approval for a name change at the Annual General Meeting to be held in November of this year. The Company will be re-classified from a Tier 1 Issuer to a Tier 2 Issuer under the rules of the Canadian Venture Exchange. There are 3.4 million post-consolidation shares outstanding. TEL: (604) 688-1553 Brian D. Fairbank