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 : ORI Omni Resources, TYG Trumpeter Yukon, AKA Arkona Res. -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (405)	2/5/1999 9:26:00 AM
From: Al Cern	Read Replies (1) \| Respond to of 444

It's time to start a new company and a new thread. I vote for Lazarus Silver Mines. It looks like we will finally be getting rid of the BYG connection. Sincerely, Al Cern Trumpeter renews exploration in Wheaton River area Trumpeter Yukon Gold Inc TYG Shares issued 34,639,176 1999-01-29 close $0.1 Tuesday Feb 2 1999 Mr. Graham Dickson reports BYG plans to sell its position in Trumpeter Yukon Gold Inc. to CM Exploration International Ltd., a private company owned by a group of consulting professionals established in England, Congo, Ghana and Botswana. The proposed sale is commensurate with BYG's focus on the Mt. Nansen mine. The new group has the ability to finance further exploration in the Wheaton River area and to examine the feasibility of and to subsequently move forward with the construction and operation of a pretreatment and processing plant for refractory ores in the Yukon. BYG has the right to participate in the proposed plant which would be available to process ores not only from both the Wheaton River and Mt. Nansen areas but also from other refractory deposits in the Yukon. CM Exploration International Ltd. receives an option to purchase the 9,226,300 Class A and 4,000,000 Class B shares that BYG owns in Trumpeter Yukon Gold Inc., for a cash payment of $1,750,000 (Canadian) and the assumption of the $1,118,000 (Canadian) debt owed by BYG to Trumpeter. CMEI is presently carrying out due diligence including the compilation of all data from the Wheaton River area. Management of Trumpeter Yukon believes that introducing a new group with the financing and expertise to advance the refractory ore plans is in the best long-term interests of both Trumpeter Yukon and BYG Natural Resources Inc. Trumpeter has 50 per cent of the interest held by Omni Resources Inc. in the Wheaton River area properties and owns the Arctic mine.