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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (1590)	7/13/2001 6:47:59 PM
From: Tommy Moore	Respond to of 4051

A few loopholes in place. Placer Dome sells Las Cristinas gold project Placer Dome Inc PDG Shares issued 401,030,718 Jul 12 close $15.75 Fri 13 Jul 2001 News Release Mr. Ron Stewart reports Placer Dome's indirect wholly owned subsidiary, Placer B-V Limited (PBV), has entered into an agreement to sell all of the shares of Placer Dome de Venezuela C.A. (PDV) to a subsidiary of Vannessa Ventures Ltd. of Vancouver, B.C., Canada. PDV holds a majority interest in Minera Las Cristinas (Minca), the corporation formed to develop the Las Cristinas property in Bolivar State, Venezuela. PBV will retain an interest in the gold and copper revenues generated by the Las Cristinas property and will, under certain circumstances, have the right to reacquire the shares. If PBV reacquires the shares, Vannessa will be entitled to an interest in the gold and copper revenues. Minca suspended construction on Las Cristinas in 1999 due to low metal prices and Placer Dome wrote off the carrying value of its investment in mid-2000.