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Gold/Mining/Energy : Macdonald Mines -- Ignore unavailable to you. Want to Upgrade?


To: eyewatch who wrote (118)4/5/1999 3:09:00 PM
From: Mick  Respond to of 135
 
Big volume before this was released; does this dog have some life?

MacDonald Mines Exploration Ltd -
MacDonald Mines receives approval for Cuban drilling plan
MacDonald Mines Exploration Ltd MMP.A
Shares issued 75,700,000 1999-04-01 close $0.09
Monday Apr 5 1999

Mr. Mario Miranda reports
MacDonald Mines this morning received notification by GeoMinera S.A. of the approval of Cuba's Ministry of Basic Industries for its plan to begin preparation for the drilling of a number of its mineralized gold target areas in Cuba. The company identified 36 individual target areas in its 2,000-square-kilometre concession in the heart of Cuba's cretaceous gold belt, from a recently completed regional program extending over four years. Subscriptions received from a current private placement will enable the most promising of these targets to be further tested immediately.
MacDonald is also engaged in negotiations for a proposed merger that could provide exploration financing of up to $10-million or more.
MacDonald's mineral rights in Cuba are held through an agreement with GeoMinera S.A. None of the target areas are the subject of any claims that might be brought under the U.S. Helms-Burton legislation. Results of the current program will be released as they become available.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com



To: eyewatch who wrote (118)5/27/1999 5:28:00 PM
From: Lalit Jain  Read Replies (1) | Respond to of 135
 
MACDONALD TRADING CORPORATION - BRE-X TRUSTEE'S SALE OF BRESEA
SHARES TO MACDONALD APPROVED BY COURT

JOINT NEWS RELEASE

A Bankruptcy Court Order made in Calgary, Alberta on Wednesday
afternoon May 26th, 1999 has approved the sale of 8 million
shares (12.2%) of Bresea Resources Ltd. by the Trustee in
Bankruptcy of Bre-X Minerals Ltd.. MacDonald Trading Corporation
has agreed to pay $2 million for the Bresea shares, to Deloitte
& Touche Inc., the Trustee in Bankruptcy of Bre-X Minerals.

-30-

For further information:

MacDonald Trading Corporation
Frank C. Smeenk
(416) 865-1625

Bresea Resources Ltd.
Thomas P. Devlin
(403) 543-7080

No regulatory authority has approved nor disapproved the content
of this news release.

isdnwire.com