September 30, 1998
Vancouver Stock Exchange
Trading Symbol: CTJ.V
FOR IMMEDIATE RELEASE
vancouver, b.c.— Richard N. Jeffs, chairman of the board of Consolidated Trilogy Ventures Ltd., is pleased to announce a private placement of $800,000 for 5,333,333 units at $0.15 per unit to Thyssen Mining Construction of Canada Ltd. (TMCC). Each unit consists of one common share and one two-year, non-transferrable, share purchase warrant exercisable for one common share at $0.15 during the first year of the term and $0.17 during the second year. As part of the agreement with TMCC, Trilogy has agreed to settle up to $77,000 of debt with 513,333 shares at a deemed price of $0.15 per share. The private placement and debt settlement are subject to regulatory acceptance.
Trilogy intends to use the proceeds to acquire up to six significant, advanced exploration projects in Regions II, III, IV and V of Chile. The company's senior geologists are evaluating a number of projects presented to them by companies that have recently closed down their operations in Chile.
Mr. Jeffs comments that, “This is one of the worst metals markets of the past 20 years. Companies are leaving Chile and forfeiting prime properties for the lack of financing. This private placement will enable Trilogy to acquire some of these properties. All of the projects under review are advanced-stage exploration properties with drill targets identified or, in some cases, drilling programs in process or completed. The acquisition of these properties will put Trilogy in a good position to implement its plan to move from exploration to mining.”
Consolidated Trilogy Ventures Ltd. is a mining and exploration company headquartered in Vancouver, B.C. Its operations are in Chile.
on behalf of the board of directors
“Richard N. Jeffs”
Richard N. Jeffs, Chairman of the Board
C o n s o l i d a t e d
TRILOGY
V e n t u r e s L t d.
420, 1090 West Pender Street
Vancouver, B.C. V6E 2N7
604 664-0502/Fax 682-6509
Toll Free 1-800-398-1409
www.cons-trilogy.com
November 26, 1998
Vancouver Stock Exchange
Trading Symbol: CTJ.V
FOR IMMEDIATE RELEASE
vancouver, b.c. — Richard N. Jeffs, chairman of the board of Consolidated Trilogy Ventures Ltd. today announces that the company has closed the private placement announced on June 23, 1998. The private placement has been completed for 2,765,000 shares at the price of $0.25 per share for a total of $691,250 and 2,602,353 warrants . The shares were subject to a four-month hold period expiring October 23, 1998, and the warrants are two-year, non-transferable share purchase warrants exercisable at the private placement price in the first year and at the price of $0.29 in the second year of the term of the warrant which expires on June 23, 2000.
Mr. Jeffs also states that the company has completed the debt settlement with two creditors of the company announced on September 30, 1998 with the issuance of 513,333 shares of the company at a price of $0.15, subject to four-month hold periods with expiry dates as follows: 136,460 October 23, 1998; 160,841 November 30, 1998; 150,353 December 31, 1998; and 65,679 January 31, 1999.
Consolidated Trilogy Ventures Ltd. is a mining and exploration company headquartered in Vancouver, B.C. Its operations are in Chile.
on behalf of the board of directors
“Richard N. Jeffs”
Richard N. Jeffs, Chairman of the Board
For additional information, please call: Allen Wilson or Phil Gurat
1-800-398-1409 or (604) 664-0502 Fax (604) 682-6509 www.cons-trilogy.com
This release has been neither approved nor disapproved by the Vancouver Stock Exchange.
Subject 24354
That is about all I know about that. |
