To: .Trev who wrote (2 ) 3/4/1999 8:47:00 PM From: freddy Read Replies (1) | Respond to of 239
Trev,I know you're interested in the progress of this "high flying wonder" so I'll make sure you're always up to speed with the latest info.Attached is their latest NR. Tahera Corporation PRESS RELEASE (TSE: TAH) Previous Release Toronto - Monday March 1, 1999 AMALGAMATION TO CREATE TAHERA CORPORATION EFFECTIVE- TAHERA CORPORATION EXPECTED TO BEGIN TRADING ON THE TORONTO STOCK EXCHANGE ON TUESDAY MARCH 2, 1999- MAJOR EXPLORATION PROGRAM UNDERWAY Amalgamation to Create Tahera Corporation Effective The amalgamation of Lytton Minerals Limited ("Lytton") and New Indigo Resources Inc. ("New Indigo") to create Tahera Corporation ("Tahera") became effective on February 28, 1999. Registered shareholders of Lytton and New Indigo can exchange their shares for Tahera Corporation shares by completing and signing the letter of transmittal which was previously sent to all shareholders of both companies, and delivering both the letter and their share certificates to Montreal Trust, at the address indicated on the letter of transmittal. Trading on Toronto Stock Exchange The shares of Tahera Corporation are expected to begin trading on the Toronto Stock Exchange under the symbol "TAH" effective Tuesday March 2, 1999. Exploration Update A winter exploration program at Tahera's wholly owned Jericho/Contwoyto Diamond Project in the Northwest Territories is now underway. The initial phase of the program will consist of delineation drilling on the recently discovered Contwoyto - 1 kimberlite, followed by drill testing approximately eight priority targets in the immediate vicinity of the new kimberlite. Following the Contwoyto area exploration program, the drill will move to the Jericho area, where three diamondiferous kimberlite pipes (JD pipes) have been discovered to date. Ground geophysical surveys to define selected targets will be followed by drill testing approximately ten of the priority kimberlite targets in the Jericho area. Approximately 800,000 hectares (2 million acres) of Tahera's land position in the Northwest Territories are subject to a joint venture agreement with Kennecott Canada Exploration Inc. (Kennecott). Kennecott will commence its winter exploration drilling program on the Ice Claims, the Rockinghorse property and the Hood River property in the second half of March 1999. Approximately 30 - 35 kimberlite targets (4,500 meters of drilling) will be tested in the exploration program that will run from March to May 1999. Kennecott is entering the third year of the joint venture agreement that entitles it to earn a 50% interest in the joint venture properties by making expenditures of $50 million, of which approximately $10.6 million has been spent to date. Web site www.tahera.com Effective March 2, 1999 visit Tahera Corporation's new web site at www.tahera.com. The Toronto Stock Exchange neither approves nor disapproves of the information contained herein. For further information, please contact: Grant Ewing VP Investor Relations and Corporate Development Email: investor@tahera.com Trev,I know you've seen their new web site and I think there's an area where you can communicate directly with the company and their new management team.You might consider passing on some of your more creative suggestions. Good Luck,freddy