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Gold/Mining/Energy : WWS.T World Wide Minerals -- Ignore unavailable to you. Want to Upgrade?

To: tango who wrote (335)	1/22/1998 11:28:00 AM
From: Alex Harrington	Read Replies (1) \| Respond to of 784

More news - the company is progressing World Wide Minerals Ltd - Nuclear fuel resources acquired; appointments World Wide Minerals Ltd WWS Shares issued 53039225 1998-01-21 close $0.32 Thursday Jan 22 1998 Ms Corinna de Beer reports Effective January 1 1998, the company acquired the right to carry on business under the name Nuclear Fuel Resources, the name formerly used by Nuclear Fuel Resources, an indirect subsidiary of Newco AG of Zug, Switzerland, to conduct uranium brokerage and trading activities. Newco AG has withdrawn from this business. World Wide is creating a new wholly owned subsidiary, Nuclear Fuel Resources Corp, which will be based in Denver, Colorado, to carry on international trading in uranium concentrates. This will supplement World Wide's production and marketing of uranium concentrates. NFR was founded in May 1996 to provide commercial support services to the nuclear fuel industry including brokerage and trading activities. During its initial year of operations, NFR participated in 10% of total world spot uranium sales, NFR has acted as the exclusive marketing agent for World Wide's uranium sales since late 1996, providing comprehensive marketing and sales support and guiding World Wide's marketing strategies. NFR was instrumental in the successful completion of several commercial transactions crucial to World Wide's expanding participation in the global uranium industry. In a related development, Dustin Garrow, president of NFR, has joined World Wide as senior vice president, marketing. Thomas Evans has been appointed a director of the company. Mr Evans is the chairman of The Evans Group, a Washington, DC based government relations company. He served for six years as a member of the US House of Representatives from Delaware where he was a member of the Republican leadership in congress. World Wide intends to expand its uranium mining and processing business by taking a stake in the North American uranium mining industry. Several investment opportunities have been investigated and negotiations are underway with the view to becoming active in that market later in 1998. World Wide does not intend to engage in long term grass roots uranium exploration because of the extensive period of time required to explore, permit and develop uranium mining properties in North America. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com