Altai Resources Inc. Announces Normandy Mining Limited offers a Different Deal.TORONTO--(BUSINESS WIRE)--Feb. 28, 1997--Altai Resources Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. .) Altai Resources Inc. (ATI, TSE; US Sec. Rule 12g3-2(b) File # 82-2950) announces that Normandy Mining Limited ("Normandy") offers a less favourable deal and decides not to exercise the existing option with Altai and Altai Philippines Mining Corporation (Altai's operating company operating company A business that engages in transactions with outsiders. in the Philippines) on Altai's four Philippine properties. The offer of Normandy concerns drilling of a porphyry copper-gold target at the Mabulao property. At present, negotiation with Normandy has been temporarily halted. Altai plans to reopen negotiations with other major mining companies which previously made offers on the Mabulao property. Altai will continue exploration in the Philippines which was suspended during the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. period. Exploration work will also be carried out in Peru on two properties (Tierra Amarilla and Rio Colorado) on which our work detected promising disseminated gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . Both of these properties are in the vicinity of a new gold discovery made by Gitennes Exploration. CONTACT: Altai Resources Inc. Dr. Arpad Farkas, 416/869-1338 416/869-1238 (FAX) altai@arex.com (E-mail) http://www.info-mine/altai/ (Internet) |
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