Adamas signs Right of First Refusal for African properties.VANCOUVER, British Columbia--(BUSINESS WIRE)--July 24, 1996-- ADAMAS RESOURCES CORP. (VSE See DOS/VSE. VSE - Virtual Storage Extended : AMS AMS - Andrew Message System ) Adamas Resources Corp. (the "Company") is pleased to announce that it has signed a Right of First Refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. Agreement with Balfour Holdings, Inc. ("Balfour"). The right of First Refusal is for a term of six months, during which time, Balfour will pass on all opportunities it acquires or secures in Equatorial Africa to the Company for it's consideration and potential acquisition. Balfour is currently in Equatorial Africa to secure prime mineral opportunities for the Company. Balfour is a privately-held mineral economics and research consulting firm, based in Englewood, Colorado. The Company serves as acquisition and strategic financial advisors to a number of international mining companies and banks. Through the use of Balfour's proprietary computer databases, it has developed unique expertise in identifying emerging trends and in assisting its clients in gaining a competitive advantage in international mineral property acquisitions. Douglas B. Silver, Partner of Balfour states "Our research indicates that over the past two years, over 150 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. mineral companies have obtained land positions within Africa. Because of its well known geological potential and the fact that there are far fewer North American companies active in Africa, than there are in Latin America, Africa offers excellent investment opportunities. The purpose of my trip, is to further our research, while also identifying high quality opportunities for the Company." Adamas is dedicated to increasing shareholder value through the exploration, acquisition and development of prime mineral properties. The Company's strategic alliance with Balfour, will enhance its ability to secure those opportunities. ON BEHALF OF THE BOARD RICHARD PEARSON - PRESIDENT The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. CONTACT: Adamas Resources Corp. Investor Relations Investor relations The process by which the corporation communicates with its investors. Department, 604/685-2248 800/686-6220 INTERNET: http://www.kitso.com E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : info@kitso.com |
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