Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (4241)	5/10/1999 9:12:00 PM
From: Marek	Read Replies (1) \| Respond to of 5821

Looks like everybody are leaving (in a hurry) this sinking mining boat. Just read this. Int'l Canalaska to expand to information technology International Canalaska Resources Ltd ICA Shares issued 18,882,794 May 10 close $0.28 Mon 10 May 99 News Release Mr. Harry Barr reports The board of directors has approved a plan to expand ICA's business interests beyond mining exploration and development. The management of ICA will direct its expertise in raising venture capital, arranging joint ventures and managing public companies to acquiring interests in emerging business opportunities in the field of information technology. In order to optimize this diversification, an advisory committee is being formed to assist management in identifying and qualifying potential information technology companies. Members of this advisory committee are selected from related business, investment and scientific fields to reflect different aspects of the new business initiative. The core members are already confirmed and a press release will be issued as soon as the advisory committee is fully constituted. ICA will consider investments in partnerships or participation in companies whose fundamental activities are the development, application and use of technology in the fields of new media, Internet, e-commerce and related ventures. ICA management is studying several avenues to ensure that shareholders receive maximum value for the company's current portfolio of mining properties. The strategy to retain and enhance value in these properties will be announced when finalized. ICA management believes that key components for the future success of the new initiative include a strong advisory committee, co-operation with selected information technology companies having innovative, achievable business objectives and a well-considered plan of action. These strengths will be used in entering a new field of activities with new opportunities and vision. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com