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Gold/Mining/Energy : IKI - International Kirkland Minerals Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Wilse who wrote (2)	2/12/1999 12:39:00 PM
From: kidl	Read Replies (1) \| Respond to of 22

International Kirkland Minerals Inc IKI Shares issued 5,188,001 Feb 11 close $0.65 Fri 12 Feb 99 News Release Mr. Dan Clark reports The company has entered into two further option agreements with a private vendor for properties in the Lac Rocher region of Northwestern Quebec as follows: The company may earn a 100 per cent interest in an eight claim block approximately eight kilometres north of the Nuinsco Resources Limited Lac Rocher nickel discovery, by making cash payments of $60,000 on signing as well as issuing 50,000 shares on closing. Subject to the filing of a property report acceptable to the Vancouver Stock Exchange, a further 50,000 shares are to be issued on or before June 30, 1999. Upon exercise of the option, the property will be subject to a 2 per cent net smelter return royalty, of which 1 per cent of the same royalty may be repurchased at any time by the Company for $1-million. In addition, the company may earn a 100 per cent interest in a 52 claim block located about 12 km north of the Nuinsco discovery by paying $60,000 on signing as well as issuing 50,000 shares of the company on closing. Subject to the filing of a property report acceptable to the VSE, a further 50,000 shares are to be issued on or before June 30, 1999. Upon exercise of the option, the property will be subject to a 2 per cent nsr royalty, of which 1 per cent of the same royalty may be repurchased at any time by the company for $1-million. © Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com