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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (110974)	11/19/2002 6:47:19 PM
From: Rocket Red	Respond to of 150070

Canadian Royalties Inc - News Release Montoro's Nunavik claims optioned by Cdn Royalties Canadian Royalties Inc CZZ Shares issued 25,053,809 Nov 18 2002 close $ 2.60 Tuesday November 19 2002 News Release See Montoro Resources Inc (MNQ) News Release Mr. Gary Musil of Montoro reports Montoro Resources has signed an option agreement with Canadian Royalties, whereby Canadian Royalties can earn a 100-per-cent interest in a block of 81 map-designated units in the Nunavik (Ungava) region of Northern Quebec. The claims are bounded by Canadian Royalties' 100-per-cent-owned properties to the east and west and situated approximately 40 kilometres west of the Expo-Ungava and Phoenix properties. The property covers the continuation of geological terrain that is considered part of a series of ultramafic bodies that extend throughout the 40-kilometre-long Expo-Ungava joint venture property and other Canadian Royalties 100-per-cent-owned ground on the South Raglan trend. Canadian Royalties can earn the 100-per-cent interest in the Montoro property through exploration expenditures of $500,000 over the next four years, at which time Canadian Royalties will grant Montoro Resources a 1-per-cent net smelter return royalty. The property is subject to an NSR royalty held by 862539 Alberta Ltd., a private company controlled by a director of Canadian Royalties. Canadian Royalties will give Montoro Resources an option payment of $30,000 upon approval of the transaction by the TSX Venture Exchange. The addition of this property gives Canadian Royalties property interests in land extending almost continuously along the favourable South Raglan trend for 90 kilometres. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com old url (better for printing)