Blue Gold International Inc. Company Announcement.TORONTO--(BUSINESS WIRE)--May 1, 1998--Blue Gold Internatio(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. :BGII BGII Baldur's Gate II: Shadows of Amn (computer game) .) J. Link Murray, President of Blue Gold International Inc., is pleased to announce the receipt of a purchase order from a private Australian corporation, for the purchase of a modular mussel mussel, edible freshwater or marine bivalve mollusk. Mussels are able to move slowly by means of the muscular foot. They feed and breathe by filtering water through extensible tubes called siphons; a large mussel filters 10 gal (38 liters) of water per day. processing plant. The purchase order is valued at approximately $2,750,000 (US funds). Fulfilment of the obligations under the purchase order are conditional upon obtaining appropriate financing. Since the Corporation obtained its trading status on 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. , in Toronto, on March 6, 1998, it has developed a program to export modular processing plants from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to international processing sites. Each of these sites is being established in key mussel and shellfish farming areas. Blue Gold has received a Letter of Interest from the US Export Import Bank, and is currently submitting a request for Final Commitment of the funds, approximately $17,000,000 (US funds). Final approval is expected in the June 1998 time frame. The Australian order represents the first sale of a series of such plants. Blue Gold International Inc. is an integrated producer and manufacturer of value-added mussel and mussel meat products, including frozen, pre-cooked, vacuum packaged and microwaveable mussels and various mussel meat based dips and spreads. Both product lines are targeted to the retail market. The Company's operating facilities are located in New Bedford, Massachusetts New Bedford is a city in Bristol County, Massachusetts, located about 51 miles (82 kilometers) south of Boston, 28 miles (45 kilometers) southeast of Providence, Rhode Island, and about 12 miles (19 kilometers) east of Fall River. , with corporate offices in Toronto, Ontario. Issued and outstanding capitalisation as at May 1, 1998 - 24,025,278 shares. No stock exchange has reviewed or accepted responsibility for the adequacy or accuracy of the content of this Press Release. CONTACT: Blue Gold International Inc. Colin G. James, 416/ 860-1550 416/ 860-1580 (FAX) |
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