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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (563)	8/17/1998 7:48:00 PM
From: Chuca Marsh	Read Replies (1) \| Respond to of 1044

Not bad Mike: ( There IS hope for the FUTURE!!! ! This company has some bucks comming in the coffers to actually BUILD the MINE!): Subject: JABA Inc News Release Dear Investor: The following News Release, is a legal formality, and will indicate to you that JABA is moving ahead quickly and aggressively towards completing the due diligence and acquisition of the SEAZ (Southeastern Arizona) copper project. We plan to keep our shareholders and potential investors aware of progress on a regular basis as we proceed through formalizing the purchase, seeking an appropriate joint venture partner, and moving rapidly into a mode of planning and expediting the mining start-up. NEWS RELEASE 98-19 August 17, 1998 JABA CONFIRMS DETAILS OF ITS 4 BILLION POUND COPPER ACQUISITION Further to the Company's announcements of July 24 and July 30, 1998, concerning the acquisition by the Company of a lease with option to purchase a skarn-hosted porphyry copper project in Southeastern Arizona, the Company confirms the following additional information: The transaction is at arm's length to the Company's insiders, the issue price of 1,000,000 shares to be issued is $0.20 (Cdn.) per share, which price was determined by reference to the current market price of the Company's stock. In addition, there are no finders or finder's fees payable in this transaction and the Company will be making an initial filing with the Alberta Stock Exchange with respect to the transaction within 14 days. JABA Inc. invites further inquiries through its Investor Relations telephone number, 1(800)863-1551, at the Company's Vancouver office of 850 W. Hastings Street, Suite 400, Vancouver, BC, Canada V6C 1E1. E-mail contacts may be made to Messrs. Jim Briscoe at jbriscoe@jaba.com or John Guilbert at jguilbert@jaba.com. Additional information is also available by Fax Back service at (520) 327-7440, Extension 243, or on the JABA web site at www.jaba.com. On behalf of the Board of Directors, James A. Briscoe Chief Executive Officer The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. -- Mardee S. Briscoe Vice President/Business Mgr. JABA (US) Inc. 2766 N. Country Club Rd. Tucson, AZ 85716 (520)327-7440 voice (520)327-7450 fax