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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?


To: Herb Duncan who wrote (7421)11/26/1997 3:05:00 AM
From: Kerm Yerman  Read Replies (1) | Respond to of 15196
 
CORP. / Snow Leopard Resources Major Shareholder Share Purchase

TSE, ASE SYMBOL: SNW.A
AND GRQ INVESTMENTS INC.

NOVEMBER 25, 1997

GRQ Investments Inc. ("GRQ") Acquires Class A Shares of
Snow Leopard Resources Inc. ("Snow Lepard")

CALGARY, ALBERTA--GRQ announces that it has acquired an additional
1,938,077 Class A common shares of Snow Leopard for cash
consideration of $1.00 per share.

GRQ and Lauchlin A. Lyons act jointly or in concert under
applicable securities laws with respect to ownership of common
shares of Snow Leopard. These parties currently hold an aggregate
of 10,404,825 Class A common shares of Snow Leopard (30.61 percent
of the outstanding Class A common shares) and warrants/options to
acquire a further 806,546 Class A common shares of Snow Leopard.

GRQ acquired the Class A common shares of Snow Leopard for
investment purposes.