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Gold/Mining/Energy : Minvita Enterprises Ltd. - MVE.v -- Ignore unavailable to you. Want to Upgrade?

To: AriKirA who wrote (52)	5/26/1999 7:28:00 PM
From: AriKirA	Respond to of 56

Minvita Enterprises Ltd - Int'l Comstock terminates La Esmeralda property agreement with Teuton and Minvita Minvita Enterprises Ltd MVE Shares issued 6,842,121 1999-05-18 close $0.12 Tuesday May 25 1999 Also Teuton Resources Corporation (TUO) Mr. Gary Schellenberg of International Comstock reports: International Comstock Exploration has terminated its agreement with Teuton Resources Corp., and Minvita Enterprises Ltd., to earn a 50 per cent interest in the La Esmeralda property in Zacatecas, Mexico, due to a lack of financing. Pursuant to the terms of the agreement the company had a firm commitment to pay Teuton and Minvita a minimum of $300,000 toward earning its interest. The company has negotiated to settle this commitment for $150,000 payable in shares, whereby the company will issue 394,737 shares to each of Minvita and Teuton, at a deemed price of 19 cents per share. The share issuance is subject to regulatory approval. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: AriKirA who wrote (52)	5/26/1999 7:29:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 56

Minvita Enterprises Ltd - Minvita signs new option agreement on Mountain Boy property Minvita Enterprises Ltd MVE Shares issued 6,842,121 1999-05-18 close $0.12 Wednesday May 26 1999 Mr. Dino Cremonese reports Minvita Enterprises has signed a new option agreement with Ranmar Ventures Ltd., optionee of the company's Mountain Boy silver property in the Stewart area of northwestern British Columbia. Under the terms of the new agreement, Ranmar may earn up to a 100 per cent interest in the property by paying to Minvita a total of $310,000 over a six year period. Minvita retains a 2 per cent net smelter royalty, subject to a buyback for $1-million. Ranmar reports that it spent approximately $500,000 on the property during the 1997 and 1998 seasons. Most of this work entailed construction and upgrading of an access road into the property from the Bear River Highway. A small X-ray drill program originally planned for the 1998 season has been postponed. Ranmar intends to seek public financing, directly or indirectly, to continue work on the Mountain Boy. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com