Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Biometric Security Corp (BMS.V) -- Ignore unavailable to you. Want to Upgrade?

To: burner who wrote (137)	1/25/1999 8:48:00 PM
From: burner	Respond to of 181

Biometric agrees to grant option on Argentine properties Biometric Security Corp BMS Shares issued 20,834,412 Jan 25 close $0.20 Mon 25 Jan 99 News Release Also Inlet Resources Ltd (INS) Mr. Patrick McCleery reports Biometric Security Corp. has reached an agreement to grant Inlet Resources an option to purchase its Argentine properties. BMS has granted Inlet an option to purchase up to 90 per cent of the properties, over a three year period, with a buyout of the remaining 10 per cent at $2,000,000 (U.S.). During the first year, the agreement requires Inlet to pay BMS $150,000 (U.S.), issue BMS 100,000 shares and complete a $650,000 (U.S.) work program. During the second and third years of the agreement Inlet is to pay BMS a total of $600,000 (U.S.), issue 200,000 shares and complete work commitments totalling $150,000 (U.S.) to acquire the remaining 40 per cent of the properties. WARNING: The company relies on litigation protection for "forward-looking" companies.