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Gold/Mining/Energy : LAYFIELD RESSOURCES (LAY-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Fiducie who wrote (462)2/3/1999 9:40:00 PM
From: Gord Bolton  Read Replies (1) | Respond to of 528
 
I think the NR was a TKI Release posted on the Contiki thread. I was told to expect an update this week from Lay including results from the lab. THe whole resource sector is quiet to dead with a very few exceptions.
Sorry, this from Stockhouse.
LAYFIELD RESOURCES INC. ("LAY") CONTIKI RESOURCES LTD ("TKI") - Property-Asset
Disposition The Vancouver Stock Exchange has accepted for filing an agreement dated August
17, 1998 between Contiki Resources Ltd. ('Contiki') and the Company, pursuant to which Contiki
may acquire a 60% interest in Prospecting License No. 139/93, Molopo Diamond Property,
Botswana. Consideration is the receipt of 1,000,000 shares of Contiki in five equal tranches, the
first tranche forthwith, and the subsequent four tranches of 200,000 shares are issuable on or
before February 1, of 1999 to 2002. Contiki is required to spend US$4,750,000 on property work
programs over five years, of which US$225,000 must be spent by February 1, 1999.

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