INDEPENDENCE RESOURCES.......IDN/VSE | Stock Discussion Forums

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Gold/Mining/Energy
INDEPENDENCE RESOURCES.......IDN/VSE

An SI Board Since July 1997

Posts	SubjectMarks	Bans	Symbol
21	1	0	IDN

Emcee: HARLEY II	Type: Unmoderated

Introduction Market Data Compact

Independence Resources

NEWS RELEASE

Independence Resources Inc
IDN
Shares issued 6442980
1997-07-22 close $0.28
Thursday Jul 24 1997
Also Greenstone Resources Ltd (GRE)
Mr Ian Park reports
Independence Resources has an agreement with Greenstone
Resources, Central America's largest gold producer, to
explore and develop gold properties in Mexico. Greenstone
will provide technical and financial assistance to
Independence in exchange for the right to purchase 50% of
Independence's interest in its Mexican gold projects.
As part of the agreement, Greenstone has subscribed for
1,000,000 units of Independence at $0.35, by way of
private placement. Each unit consists of one share and one
two-year warrant. On a fully diluted basis, this gives
Greenstone 13% of Independence, making it the company's
largest shareholder.
Michael D. Johnson has been appointed president and CEO
and a director of Independence. Mr Johnson was
vice-president and chief geologist of Greenstone
Resources. Mr Park has moved from the president's
position to chairman of the board of Independence.
Greenstone has explored, developed and constructed three
large open-pit, heap-leach mines in Central America and its
expertise in this field will make a considerable contribution
to the evaluation of Mexican projects. Mr Johnson was
instrumental in building Greenstone's large gold reserves
on these three projects over the past three years and is the
ideal CEO to direct Independence's new initiative into
Mexico.

Does anyone know anything about this company, this news release sounds very interesting to me.

HARLEY.

(c) Copyright 1997 Canjex Publishing Ltd.
canada-stockwatch.com

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
21	It's a Greenstone shell and it's about time it came to fruition.	RMF	-	4/8/1998
20	Hey MICAP, what happened here today? Has this Ian Park shell finally come to li	Hugh M.	-	4/2/1998
19	Hey Goldentouch, I think your touch is golden if you own some Independence. Whe	RMF	-	9/19/1997
18	The higher the risks the higher the rewards... The objective of an exploration	Goldentouch	-	8/22/1997
17	David and Harvey, I've been watching IDN for about 2 years and thought I m	B. E. Barry	-	8/21/1997
16	To David, **NEWS RELEASE** Shares issued 6787180	HARLEY II	-	8/19/1997
15	Hi David, Yes TOR was a good call but I think IDN and AMS are going to be our	HARLEY II	-	8/6/1997
14	Hi David, As for TOR,I will wait to see what Mr Lo is planning on getting into	HARLEY II	-	8/4/1997
13	Hello, Good call on TOR. It was definitely a good buy @ $0.04-$0.06 but	Dav!d	-	8/3/1997
12	Hi David, I know,it's great. I wonder why everyone from Greenstone is goi	HARLEY II	-	8/2/1997
11	Harley, I am getting very impressed with this company. I got into this s	Dav!d	-	8/2/1997
10	Hi Jerry, The management team just keeps getting better. Board appointments a	HARLEY II	-	8/2/1997
9	Hi Harley, not a smart thing for me to do, but a few comments from kaiser: IDN	jerry janko	-	7/30/1997
8	Hi Bigjon, Thanks for the information.I started this thread based on the news	HARLEY II	-	7/29/1997
7	HARLEY II J Kaiser first recommended IDN in his publication of January 1996.	bigjon	-	7/29/1997
6	Hi Jerry, IDN is looking very strong this morning.If IDN does half as good as	HARLEY II	-	7/28/1997
5	Hi Jerry, If you can,could you post John Kaisers recommendation on IDN. Thank	HARLEY II	-	7/28/1997
4	Hi Jerry, I am glad to see that John Kaiser has picked up on one of my recomme	HARLEY II	-	7/28/1997
3	Hi Jerry, That's great.I picked up a chunk of stock last week on the news.	HARLEY II	-	7/28/1997
2	Kaiser just came out with a strong article on IDN friday, I will be added it to	jerry janko	-	7/27/1997
1	From: newsout@canada-stockwatch.com Date: Thu, 24 Jul 1997 03:49:54 -0700 Subje	jerry janko	-	7/27/1997

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