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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (971)	1/19/2002 6:54:01 AM
From: Chuca Marsh	Read Replies (1) \| Respond to of 1044

NEWS RELEASE January 17, 2002 DIAMONDS also EXPLORED: 7Mill Shares LOW FLOAT with some sort of UNION Backing now it is a good play now. I need some Location Info on th Hunter Mountains, as I only pulled up New York State in my seach, I think it is Canada? Anyone, where did II hear about it? Consolidated JABA Inc. (“the Company”) is pleased to announce it has entered into a letter agreement with Hunter Exploration Group to acquire a seventy percent interest in approximately 100,000 acres of mineral claims in the Coronation Diamond Play by assuming all staking and associated costs. The company is required to make an advance payment of $50,000 against these costs. The agreement also calls for Consolidated JABA to issue 400,000 shares from treasury in 100,000 share increments between March 1, 2002 and March 1, 2004. In addition the agreement calls for the company to expend $1million over four years as follows; $100,000 by March 1, 2003, $200,000 by March 1, 2004, $300,000 by March 1, 2005 and $400,000 by March 1, 2006. Upon completion of the $1 million program the Company will have a one-time right to spend an additional $2 million to acquire an additional ten percent interest. After the Company has expended $3 million Hunter Exploration Group will retain a twenty percent participating interest. The claims are subject to a two percent NSR and a two percent GORR. Commencing March 1, 2003 the claims are subject to a $25,000 annual advance royalty payment. In connection with the foregoing The Company announces it has agreed to a private placement of two million units in its capital at a price of $0.10 per unit. Each unit will consist of one share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share for a period of two years at a price of 12 cents in the first year and 15 cents in the second year. This placement is subject to Canadian Venture Exchange approval. A finders fee in the amount of $15,000 is payable to Boulder Investment Partners Ltd. Consolidated JABA is an aggressive pure mineral exploration company. This addition of prospective diamond acreage adds to the Company’s portfolio of drill ready base and precious metal targets and prioritized PGM exploration targets. ON BEHALF OF THE BOARD James A. Briscoe CEO, Chief Geologist The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. at CSW I see a large Cross went thru with : Most Recent Bulletins Date Type Headline 20020118 07:27 News Release Cons Jaba employees, others to sell 1.5 million shares 20020117 11:40 News Release Cons Jaba to acquire interest in Coronation 20020110 14:50 Prospectus Approved Cons Jaba prospectus approved by the CDNX Last 9 trades today Time X Price Chg Vol Buyer Seller 15:37:30 V 0.17 0.02 19000 33 Canaccord 11 Yorkton 15:37:30 V 0.17 0.02 1000 9 Nesbitt 11 Yorkton 14:26:00 V 0.17 0.02 9000 9 Nesbitt 33 Canaccord 12:07:30 V 0.14 0.01 200 11 Yorkton 11 Yorkton 12:07:30 V 0.16 0.01 500 6 Union 59 PI 10:25:12 V 0.15 0.00 10000 6 Union 11 Yorkton 10:25:12 V 0.15 0.00 500 6 Union 11 Yorkton 09:32:30 V 0.12 -0.03 1500000 6 Union 6 Union 09:30:06 V 0.13 -0.02 10000 11 Yorkton 62 Haywood wwwa.canada-stockwatch.com MATH: .12 X 1,500,000= $180,000 CN so round that off and what? Consolidated Jaba Inc JBA Shares issued 7,058,658 Jan 10 2002 close $.120 Thursday Jan 10 2002 Prospectus Approved and Consolidated Jaba Inc JBA Shares issued 7,058,658 Jan 16 2002 close $.120 Thursday Jan 17 2002 News Release and BINGO now it makes SENSE: Consolidated Jaba Inc JBA Shares issued 7,058,658 Jan 17 2002 close $.150 Friday Jan 18 2002 News Release Mr. W. Brent Peters reports To facilitate a private placement a group of officers, directors, employees and investors of Consolidated Jaba have arranged with Union Securities Inc. for the sale of 1.5 million shares of the company at a price of 12 cents per share through the facilities of the Canadian Venture Exchange. The proceeds from the sale will be applied to the $200,000 private placement announced in Stockwatch Jan. 17, 2002. (c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com Chuca Chucka WE've gotten a start at the race and we are OFF: Fast. Anyone see my new site? chucka.i8.com ( No 8 Ball Quotes!)