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Gold/Mining/Energy : Latitude Minerals LTU.V -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (193)	12/8/1998 10:08:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 366

*NEWS RELEASE* Donner assumes Latitude's 25% interest in mineral licence 1081M Donner Minerals Ltd DML Shares issued 31,689,657 Dec 8 close $0.27 Tue 8 Dec 98 News Release Also Latitude Minerals Corp (LTU) Mr. David Patterson reports Donner Minerals has increased its interest in mineral licence 1081M, commonly referred to as the Donner/NDT/Latitude joint venture, from 25 per cent to 50 percent. Donner has increased its interest as a result of the failure of Latitude Minerals to pay continuing exploration costs on the licence. Under the terms of the governing Nov. 23, 199 option and joint venture agreement, Latitude's failure to finance its cost share of an approved budget, is deemed an abandonment of its interest. Donner has repeatedly requested payment of continuing costs and has provided notice to Latitude of its default, the consequences of such default and sufficient time to correct the default. Latitude's original 25 per cent interest in mineral licence 1081M will be assumed by Donner, resulting in Donner having a 50 per cent interest and NDT Ventures having a 50 per cent interest. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com