BROWNSTONE INVESTMENT INC. ENTERS AGREEMENT WITH GABRIELLE SPADETTO.VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 1, 1995--BROWNSTONE INVESTMENT (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : BWNI) Brownstone brownstone, red to brown variety of sandstone. Its unusual color is caused in some instances by the presence of red iron oxide which acts as a cement, binding the sand grains together. Investment Inc., wishes to advise that its wholly-owned subsidiary, Brownstone Minerals Inc., has entered into an agreement with Gabrielle Spadetto ("Spadetto") providing for an option to acquire a 100 percent interest in four (4) well located staked mining claims in McGarry Township, Province of Ontario. If Brownstone Minerals Inc. exercises all of its options to acquire a 100 percent interest in the property, Spadetto will receive a total of $60,000 and will retain a 1.5 percent NSR NSR abbr. normal sinus rhythm NSR Normal sinus rhythm, see there royalty interest royalty interest The proportional ownership interest by the owner of oil and gas rights in income produced by the asset. See also overriding royalty interest. in the property. The final payment is due on March 15, 1997. CONTACT: Sheldon Inwentash President 416/941-8900 INDUSTRY KEYWORD: BANKING REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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