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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (2309)	11/17/2001 1:21:34 AM
From: marcos	Read Replies (2) \| Respond to of 2402

Yeah i know what he meant, but it's a hair-puller too eh -g- ... the little blips are encouraging, perhaps designed as such by the evil gnomes running the game, who knows ... but they stay alive and acquire more moose pasture, what more can you ask for in this day and age ... as for patience, hey i've been in that PoS cpt.v for two years now and it can't quite hold twenty per cent of my first entry point -g- ... someday, over the rainbow, way up high, there's a pig that i bought up an' it's gonna fly ... anyway, news - Monday Nov 12 2001 News Release Mr. Rory Moore of Canabrava Diamond reports Canabrava Diamond has signed a letter agreement with MacGillivray Holdings Ltd. regarding a mineral property located in the Porcupine mining division, Ontario. Under the terms of the agreement, Canabrava can earn a 100-per-cent interest in the property by making cash payments of $100,000 and issuing 100,000 shares to MacGillivray over a three-year period. Upon Canabrava earning a 100-per-cent interest in the property, MacGillivray is entitled to a 2.5-per-cent gross overriding royalty on production. Canabrava has the right to purchase up to two percentage points of the royalty for $500,000 per percentage point. MacGillivray will retain a minimum 0.5-per-cent royalty, provided that Canabrava will have a right of first refusal if MacGillivray sells or disposes of the royalty. The property is within the area of interest of the joint venture with Kennecott Canada Exploration Inc. and Paramount Ventures and Finance Inc. No finder's fee will be paid regarding the agreement, which is subject to regulatory approval, and MacGillivray and Canabrava are not related parties. All shares issued under the agreement to MacGillivray will be subject to a 12-month hold period. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com