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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Zardoz who wrote (5600)7/9/1998 7:43:00 AM
From: wayne cath  Read Replies (1) | Respond to of 11676
 
Future operations and financing for South Voisey's Bay discussed at
meeting
Donner Minerals Ltd DML
Shares issued 31,689,657 Jul 8 close $0.87
Thu 9 Jul 98 News Release
See Labrador International Mining Ltd (LAB) News Release
Mr. Allen Nelson reports
At the invitation of the concerned stakeholder group of Labrador
International Mining, representatives of the Labrador Nickel Syndicate and
Donner Minerals met July 8, 1998 to discuss future operations and financing
of work programs for the South Voisey's Bay properties which are in the
midst of and adjoining the Teck/Donner South Voisey's Bay project area.
Labrador International Mining is the operator and a 50 per cent participant
in the Labrador Nickel Syndicate. Other members of the syndicate, each
holding a 25 per cent participation are Pallaum Minerals and GlobeNet
Resources. Donner Minerals is field contractor for the Labrador Nickel
Syndicate for the 1998 work season.
The concerned stakeholder group believes the current directors and
management of Labrador International Mining have been unable or are
unwilling to successfully realize the potential of key claims the company
holds in the South Voisey's Bay area of Labrador, where multi-million
dollar programs are currently being carried out by adjoining claim holders.
The concerned stakeholder group is proposing an alternate slate of five
nominees for election to the board of directors at Labrador International
Mining's AGM of shareholders scheduled to be held at 10:00 a.m. on
Thursday, July 23, 1998 in Vancouver, Canada.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com