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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana) -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (583)	10/29/1998 12:30:00 PM
From: Stew	Read Replies (1) \| Respond to of 659

Someone knows sumpin' and ain't tellin'!

To: Mr Metals who wrote (583)	10/29/1998 5:50:00 PM
From: morrie	Read Replies (1) \| Respond to of 659

HI M.M. ! < The way TRR is trading it seems like they hit the-mother-load. What gives here? > The plus side of TRR. 1. Is the only immediate land holder around ARP 2. Tight share structure 3.4 m I believe 3. Just signed a JV. deal -- anounced to-day 4. LEVERAGE morrie

To: Mr Metals who wrote (583)	11/5/1998 6:38:00 PM
From: Natedog	Read Replies (1) \| Respond to of 659

the price of OK sure is strenthening. the more news the better. cheers Orko Gold Corp - Interest in Argentina property to be acquired Orko Gold Corp OK Shares issued 5,546,384 1998-11-04 close $1.17 Thursday Nov 5 1998 Also TNR Resources Ltd (TRR) Mr. Greg Burnett reports The company has recently entered into a letter of intent with TNR Resources, pursuant to which, subject to completion of a formal option agreement and Vancouver Stock Exchange acceptance, the company has been granted the right to earn up to a 60 per cent interest in the La Ortiga, Valle del Cura and El Fierro mineral properties, in San Juan province, Argentina, which properties are between 7 to 35 kilometres east of the recent gold discoveries on the Veladero property of Argentina Gold Corporation (60 per cent) and Barrick Gold Corp. (40 per cent). As part of the option agreement, TNR has also granted the company the right of first refusal to option TNR's Las Carachas property, also in the Andes mountain range, in the northern portion of the San Juan province. Detailed sampling has identified strongly anomalous gold, silver, lead, zinc and copper values on the 10,000 acre Las Carachas property. Three distinct exploration targets have been identified, high-grade polymetallic veins, volcanic hosted disseminated mineralization, and a porphyry system. The Las Carachas property is approximately 90 kilometres north of the La Ortiga, Valle de Cura and El Fierro properties. The right of first refusal shall expire within six months of TNR providing the company with a full presentation of all of the available data on the Las Carachas property. Orko's first year commitments include the payment of $40,000 (U.S.) (of which $20,000 (U.S.) has been paid), the issuance of 100,000 shares upon VSE acceptance of the formal option agreement, an investment of $97,000 in TNR by way of a private placement and the expenditure of not less than $300,000 (U.S.) on exploration of the subject properties. A draft of the option agreement has been prepared and circulated for comment. The company and TNR propose to mobilize a crew and commence the phase I exploration work as soon as possible. The cost of the phase I program is estimated to be $150,000 (U.S.). In order to assist it with its financing activities and to provide additional management expertise, the company has entered into a consulting agreement with Shafiq Nazerali, pursuant to which Mr. Nazerali has agreed to provide management and corporate finance services to the company in consideration of the payment of $2,500 per month. In addition, Mr. Nazerali has been granted options to acquire 100,000 shares in the capital of the company at an exercise price of $1.03 per share for a period of five years. Furthermore, Mr. Nazerali will be entitled to a finder's fee calculated in accordance with the policies of the VSE in respect of any financing he arranges for the company. The initial term of the consulting agreement is for a period of one year from Nov. 1, 1998. The company has also granted a director and officer of the company an option to acquire an additional 25,000 shares at $1.03 per share for a period of five years. An outstanding warrant to purchase 400,000 shares in the capital of the company has been exercised and as a result, the company now has 5,946,384 shares issued and outstanding. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)