B.Y.G.'s Subsidiary, Trumpeter Yukon Gold, Files Prospectus.WHITEHORSE, Yukon--(BUSINESS WIRE)--Oct. 1, 1996--B.Y.G. Natural Resources Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BYG BYG Baptist Youth Group (BC, Canada) BYG Binnerri Youth Group (Dallas, Tx) ) today reported the filing of a prospectus in Ontario, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Alberta and Manitoba, qualifying class A subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of its subsidiary, Trumpeter Yukon Gold Inc., with respect to the previously announced European special warrant financing that grossed total proceeds of C$2,440,200. Final receipt for this prospectus is anticipated by the end of October 1996. Subsequently, B.Y.G. shareholders of record will receive a distribution of one Trumpeter Yukon class A share and one-half right for every ten B.Y.G. common shares held. The record date for the distribution of shares will be set and released upon final receipt of prospectus. Trumpeter Yukon has issued 12,795,000 class A shares and 4,000,000 class B multiple voting shares. B.Y.G., subsequent to the share distribution, will hold 5 million class A and 4 million class B shares of Trumpeter Yukon. Trumpeter Yukon Gold Inc. is a subsidiary of B.Y.G. Natural Resources Inc. Its principal project involves the development of the properties of Omni Resources Inc. (VSE See DOS/VSE. VSE - Virtual Storage Extended : ORI) as a result of Trumpeter holding 3 million shares and 3 million warrants of Omni. It will seek gold projects and accompanying assets, as well as obtain financing, independent of B.Y.G. Trumpeter Yukon is an integral part of B.Y.G.'s strategic plan for the development of gold projects and metallurgical facilities in the Yukon and region. B.Y.G. holds 100 percent interest in recoverable gold deposits at the Mt. Nansen property in the Yukon. All the necessary financing is in place and the Mt. Nansen mine is scheduled to begin production in early October 1996 at an average annual rate of 70,000 equivalent ounces of gold. Shares of B.Y.G. trade on the Toronto and Alberta Stock Exchanges Alberta Stock Exchange See Canadian Venture Exchange (CDNX). under the symbol BYG. U.S. S.E.C. Exemption: 12g3-2(b) No. 82-2038. CONTACT: B.Y.G. Natural Resources Inc. Malcolm Slack, 519/833-9827 or Hume, Kieran Inc. Cathy Hume, 416/868-1079 Jon W. Kieran, 416/868-1079 E-MAIL e-mail: see electronic mail. in full electronic mail Messages and other data exchanged between individuals using computers in a network. : byg@juniormine.on.ca INTERNET: http://www.juniormine.on.ca/~pslack/ |
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