Altair International Inc. - Company Update.CODY, Wyo.--(BUSINESS WIRE)--May 12, 1997--(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AIL AIL 1. Angiocentric immunoproliferative lesion 2. Angioimmunoblastic lymphadenopathy ., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ALTIF. ) Mr. Robert F. Sheldon, retired President of Newmont Exploration of Canada Limited, has been nominated to the Board of Directors of Altair International Inc. Mr. Sheldon will be elected at the June 3, 1997 Annual Meeting of Shareholders. Mr. Sheldon served as President, Newmont Exploration of Canada Limited and Vice President, Newmont Mines Limited from 1975 until 1988 when he retired. He was responsible for mineral exploration, appraisals and development of mining properties throughout Canada for Newmont Mining Newmont Mining Corporation NYSE: NEM, based in Denver, Colorado, USA, is one of the world's largest producers of gold, with active mines in, Nevada, Indonesia, Australia/New Zealand, Ghana, and Peru. Some smaller operations include Bolivia, Mexico, and Canada. Corporation, a leading worldwide natural resource company. Mr. Sheldon has over 47 years' experience implementing, supervising and managing the exploration, development and production of non-ferrous mineral deposits. He has served as a divisional exploration manager in both Canada and the U.S. and participated in a wide range of property examinations, evaluations and mine appraisals in the U.S., Canada and Africa. Dr. William P. Long, President of Altair International, Inc., said, "We are delighted that Mr. Sheldon has agreed to serve on the Altair Board. He can make a significant contribution to the evaluation and development of the Tennessee heavy mineral sand property and assist with additional property acquisitions and appraisals." Altair is in the development stage of commercializing its state-of-the-art technology, the Centrifugal Jig, which recovers extremely fine, heavy particulate matter particulate matter n. Abbr. PM Material suspended in the air in the form of minute solid particles or liquid droplets, especially when considered as an atmospheric pollutant. Noun 1. using a combination of a mechanical jig and centrifugal force centrifugal force Fictitious force, peculiar to circular motion, that is equal but opposite to the centripetal force that keeps a particle on a circular path (see centripetal acceleration). . Potential applications include gold/mineral recovery, coal cleaning and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a . The Alberta Stock Exchange neither approves nor disapproves of the information contained herein. CONTACT: Carl Thompson Associates Jenny Herring, 303/494-5472 or Carl Thompson, 303/494-5472 or Altair International, Inc., Cody Dr. William Long, 307/587-8245 |
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