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Gold/Mining/Energy : RECLAMATION MANAGEMENT (RMLL.O) -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (74)	4/29/1999 11:42:00 PM
From: Jesse	Read Replies (2) \| Respond to of 238

Boing!! (as I said, I smelled sumthin' internet-related) -- Here's the news: Reclamation enters into agreement eBop Ltd. (U.K.) Reclamation Management Ltd RMLL Shares issued 96,761,627 Apr 29 close $0.10 Thu 29 Apr 99 News Release Ms. Joan Purdy reports Management has entered into an agreement with eBop Ltd. (U.K.) to develop and launch a leading edge Internet community offering unique content and E-commerce services targeted at individuals between the ages of 16 to 24 in the United Kingdom. Under the agreement, the company has agreed to pay eBop 160,000 pounds over the next year and issue three million shares in return for a 50 per cent interest in eBop subject to the completion of due diligence and regulatory approval. The company has an option to purchase the remaining 50 per cent of eBop for further consideration of $9.75-million (Canadian) through April 23, 2001. eBop will position this Internet community as a virtual home base where individuals can use free E-mail and chat services to share information on music, clothing, clubs and concerts, and the latest sports gear favoured by target market. The site will also feature film and music reviews while offering a dynamic list of products and services ready to purchase via the easy to use eBop storefront. The Internet has emerged as a global medium, enabling millions of people worldwide to share information, communicate, and conduct business electronically. Although European Internet access and on-line commerce significantly trails U.S. activity, the number of U.K. citizens connected to the net and completing on-line purchases is expected to increase exponentially through 2002. A significant portion of this growth is projected for users between the ages of 16 to 24 a generation of users who will come of age on the net and will adopt on-line commerce as second nature. This media savvy generation will look for a destination on the net that they can call their own, a hip home base where they can hang out with those who share their interests and quickly find information, products, and services that relate to their unique culture. eBop is designed to meet this untapped market in the U.K. eBop believes that the key to success will be to establish a brand identity early. The British government has begun a major campaign to encourage the citizenry to adopt the Internet and eBop plans on taking advantage of this growing awareness. Once established, this community will provide a unique and efficient platform for targeting advertising at this sought after target market. eBop plans to offer a detailed and sophisticated data base to effectively target community members with the products and services they are most likely to purchase online. Both the company and eBop feel this capability will attract significant advertising revenue from companies wishing to cater specifically to this market segment. eBop's management combines an in-depth knowledge of its target market with the technical skills necessary for Internet development, implementation and management. In addition, eBop provides extensive sales and marketing experience. Management looks forward to working with eBop to provide for a smooth transition to this new business model in compliance with the guidelines set out by the Canadian Dealing Network. As previously announced, the company is presently negotiating a private placement to raise proceeds of $2-million at 20 cents per share with a two-year warrant exercisable at 25 cents. The proceeds from this financing will be used to finish the development of the Internet community and provide working capital. Management expects to release further details as this project moves forward. The company remains in the waste management business. Further to the company's earlier investigation of the Chaveiro gold property in Brazil, the company will continue to examine opportunities in the mine tailing remediation business. There are 96,761,627 shares issued and outstanding and 9,676,162 options at 15 cents with no plans for consolidation. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com