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Big Valley Resources Inc. Corporate Update.


Business Editors

WILLIAMS LAKE Williams Lake is the name of several places:

Canada
Cities and towns:
: Williams Lake, British Columbia, town approximately 300 km south of Prince George and 600 km north of Vancouver, along highway 97


, B.C.--(BUSINESS WIRE)--May 2, 2000

As was reported on our June 29, 1999 news release, Big Valley Resources (CDNX CDNX

See Canadian Venture Exchange (CDNX).
:BV.) had entered into an option agreement to purchase the Q.R. Mine in British Columbia, from the Kinross Gold Corporation.

Closing was to occur by April 30, 2000.

The Company has pursued many avenues to raise the purchase price but, to date, has not been successful. Negotiations are continuing with potential lenders and discussions have commenced with Kinross Gold Corporation to renegotiate the terms of purchase.

We thank the Shareholders for their patience.

ON BEHALF OF THE BOARD Lloyd Tattersall tat·ter·sall also Tat·ter·sall  
n.
1. A pattern of dark lines forming squares on a light background.

2. Cloth woven or printed with this pattern.

adj.
, President

The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX)  has neither approved nor disapproved the information contained herein.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 2, 2000
Words:120
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