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Zodiac was formerly named Western Premium Resources WPM:VSE) A discussion forum for WPM can be found under Gold Mining and Resources. Zodiac Exploration Corp ZIP Shares issued 20,897,905 Oct 1 close $0.12 Thu 2 Oct 97 Correction See Spire Ventures Ltd (SVG) Correction The following is a correction to the VSE notice dated September 25 1997: Further to a notice dated July 16 1996, the VSE has accepted for filing a memorandum of understanding dated February 10 1997 between Spire Ventures and Western Premium Resource Corp (now Zodiac Exploration) pursuant to which Western may acquire an undivided 50% interest in Spire's 95% interest in one contract of work of 114,200 hectares in East Kalimantan, Indonesia. In consideration, Western will pay a total of US$142,750, (US$25,000 upon signing and the remainder in two stages), incur exploration expenditures of US$175,000 in two work stages and issue 200,000 shares in four work related tranches of 50,000 shares. Each share issuance is subject to exchange approval of acceptable geological report summarizing the work done on the property and recommending further work. A finder's fee of 50,000 shares is payable to Ted Burylo in connection with this property transaction. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com | ||||||||||||||
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