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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (2726)	2/14/1999 11:24:00 AM
From: tanoose	Respond to of 3282

Hello EC; Some may find this news release of interest?? Barrick to subscribe for one million Opawica units Barrick Gold Corp ABX Shares issued 376,475,371 Feb 11 close $27.95 Fri 12 Feb 99 News Release Mr. Dan Clark of Opawica reports Barrick Gold has agreed to subscribe for one million units of Opiwaca Explorations Inc. at $1 per unit, for proceeds to Opawica of $1-million. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles Barrick to purchase one common share of the company at $1.25 per share. Warrants have a two-year term. Option and Joint Venture Agreement In addition, the principal terms of an agreement have been reached whereby Barrick has the option to acquire up to a 70 per cent interest in any Opawica property within the Valle del Cura - El Indio region of Argentina, within the next three years. Opawica presently owns, or has under option, over 150,000 hectares of properties in this region of Argentina. Barrick may earn its 70 per cent interest, in the said Opawica properties, by making cash and exploration expenditures in total of 250 per cent of all costs incurred by Opawica, on a specific property, up to the date that Barrick elects to exercise its option on such property. Opawica will carry out a minimum $500,000 (U.S.) in exploration and property costs over the next two field seasons on its 150,000-hectare Valle del Cura property holdings and toward assessing other properties for possible acquisition. The transactions noted above are subject to final documentation and regulatory approval. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com The great Barricuda is still circling??.........still hungry, and most likely angry?? With regards,Frank