Big Blackfoot Corporate Development.CALGARY, ALBERTA--(BUSINESS WIRE)--Sept. 25, 1997-- Big Blackfoot (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). BLF BLF Busy Lamp Field BLF Bluff BLF British Lung Foundation (UK) BLF Big Lottery Fund (UK) BLF Business Leaders Forum BLF Billboard Liberation Front BLF Builders Labourers Federation . ) Big Blackfoot Resources Ltd. is pleased to announce the following developments: The private placement of up to 1,000,000 "flow through shares" at $0.37/share with a 1/2 warrant exercisable at $0.60 valid for 18 months, is 70 percent completed, and will be closed by month end. The company has solicited, and received a conditional offer to finance from I.B.K. Capital Inc., on negotiated terms, for a $2,000,000 financing for the Big Blackfoot gold project at Lincoln, Montana Lincoln is a census-designated place (CDP) in Lewis and Clark County, Montana, United States. The population was 1,100 at the 2000 census. Geography Lincoln is located at (46.957713, -112.672178)GR1. . The project is currently held under option from Big Blackfoot Mine Inc., a private federal corporation which will be acquired by Big Blackfoot Resources Ltd. as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. as per current option terms, under which share Issuance will not exceed 25 percent of issued capital at closing. Drill target selection work commenced at 1 Sept. 1997, on the Caramelia, B.C., property. Obligations have been met with work on the Whoops Claim Group performed and filed on Sept. 22, 1997 as required. Positive sampling and magnetic surveys were performed and assays are awaited before final drill target selection. ROBERT MILLER, P. Geol., of Spokane, Wash., alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. of the mine-finding team at the 1,800,000 oz. Au Crown Jewel Crown jewel A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power, and business prospects; in takeover deposit at nearby Chesaw, Wa., is heading the Caramelia project, and Acme Laboratories Acme Laboratories is the home page for a number of open source software products written and maintained by Jef Poskanzer. Major projects maintained at ACME include pbmplus and thttpd. of Vancouver are performing assays for exploration preliminaries. The Caramelia project encompasses some wholly optioned lands, and one sizeable 50 percent ownership option with Gold City Mining Corp., of which the past producer at Camp McKinney is an integral part with its residual gold reserves. The Company is not overly concerned about current gold prices, and progresses with renegotiating some acquisition agreements, reflecting reduction in vendor expectations. Recessed gold price is projected to improve before company production planned for 1999. New developments will be reported as soon as available. -0- This information release has neither been approved nor disapproved by the Alberta Stock Exchange. CONTACT: Big Blackfoot Resources Ltd. Paul S. White, 403/269-2122 403/261-9964 (FAX) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion