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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Rich_1 who wrote (26762)12/12/1997 4:34:00 PM
From: tonto  Respond to of 55532
 
Friday December 12, 10:04 am Eastern Time

Company Press Release

Rocky Mountain International Ltd. Announces Rocky
Mountain Crystal Water Inc. Has Received Confirmed
Date for Funding

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 12, 1997--Rocky Mountain
International Ltd. (Formerly Olympus Ventures Inc.) (OTC BB:RMIL - news) announced Thursday, Dec. 11, 1997 that the placement of $10 million in funding to Rocky Mountain Crystal Water Inc. is scheduled to take place.

$5 million in equity will be transferred to the company by Dec. 24, 1997, and a $5 million loan will be transferred in the beginning of January 1998.

The funds were expected to be placed by the end of November of 1997, but due to technical arrangements, foreign funds were delayed. The slight delay in funding didn't compromise any negotiations or work in progress of Rocky Mountain International Ltd. (RMIL).

The release offers insufficient information, and I trust the holiday closing of banks early on the 24th will in no way affect the transfer of funds. Many banks close at noon. Roland may want to remind the continued unidentified party of that now.

The frustration shows on many of the people on this board, irrelevant of their personal position. An actual informative release, would have served the shareholders and the investing public well. This initially was going to be released last week, they had sufficient time to release something of substance. They may be their own worse enemy.