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Gold/Mining/Energy : African Metals Corporation(AFR-Cdnx)(was Shiega resources) -- Ignore unavailable to you. Want to Upgrade?


To: Wats who wrote (142)7/4/1999 12:27:00 PM
From: Wats  Respond to of 151
 
News Release: TERMINATION OF AMALGAMATION AGREEMENT WITH AUREX AB
The Company has received notice from Aurex AB that it has terminated the Amalgamation Agreement between the Company and Aurex AB. The proposed amalgamation of the Company and Aurex Resources Inc., a wholly-owned subsidiary of Aurex AB, and the exchange of the Company's shares for shares of Aurex AB as described in the Company's news release of March 31, 1999 will not take place.

ON BEHALF OF THE BOARD OF DIRECTORS
OF SHIEGA RESOURCE CORPORATION

"Willis Osborne"
Willis Osborne
Director

Wats