Aterra Resources Inc./Jampang Reserve.BRIDGEWATER Bridgewater, town (1990 pop. 21,249), Plymouth co., E Mass.; inc. 1656. Manufacturing includes shoes and metal products. Its iron foundry industry dates from colonial times. Bridgewater State College and a state prison are there. , Nova Scotia--(BUSINESS WIRE)--Sept. 12, 1997--ALTERRA (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ALRI ALRI Acute Lower Respiratory Infection ) Alterra Resources Inc. ("Alterra") announces completion of 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. on the Indonesian project. The result of this is an agreement for the Jampang Reserve KP ("Reserve Property"), a 45,000 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. gold property in west Java West Java (Indonesian: :Jawa Barat) is a province of Indonesia, located on the island of Java. The capital is Bandung. History , Indonesia. The original business plan dealing with the Memorandums of Understandings, signed in September, has changed (reference original agreement: Alterra Resources Inc. Press Release of Sept.17, 1996) as a result of due diligence carried out by Alterra Resources Inc. and American Manor Corp. Specifically, and with respect to the Reserve Property: (i) Alterra will not be required to make further cash payments beyond those made to date; (ii) Alterra will not be required to issue any common shares whatsoever; (iii) with respect to the contracts of work ("CoWs") - (two on the Island of Kalimantan and two on Sumatra) Alterra will forego any interest in the CoWs, and will not be required to make any payments, whatsoever, either in common shares, or, cash. All previous cash payments made under the original agreement will be applied to acquisition of the Reserve Property; as such, Alterra Resources Inc. will acquire a 25 percent interest in the Reserve Property (American Manor Corp. hold a 55 percent interest; the remaining 20 percent retained by PT Hunamas our Indonesian partner). It is considered that Alterra has made payment in full for its 25 percent interest. The Jampang Reserve KP is comprised of two blocks that lie north and south of ground currently being explored by Mispec Resources Inc. (MPE-ME) which has announced significant drill results in the past year. An initial work program carried out by American Manor and Alterra Resources at the property has outlined a large, potential gold mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. area. Further work on the property is expected to begin in the fourth quarter of 1997. CONTACT: ALTERRA RESOURCES INC. Greg P. Muzzatti, 902/527-1353 902/527-1354 (FAX) http://www.alri.com |
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