Bradner Acquires Remaining Undivided 50 Percent Leasehold Interest in Colorback Claims and Adjacent Land.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 19, 1997-- BRADNER RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (VSE See DOS/VSE. VSE - Virtual Storage Extended :BRD (Blue-Ray Disc) See Blu-ray. .) Bradner Resources Ltd. (VSE-BRD) announces that Akiko Resources (Nevada) Inc. ("Akiko Nevada"), a wholly-owned subsidiary of Prospex Mining Inc. (Formerly, Akiko Gold Resources Ltd.) Has agreed to assign its undivided 50 percent leasehold interest in Colorback Claims and certain adjacent lands, located in Lander County, Nevada Lander County is a county located in the U.S. state of Nevada. As of the 2000 census, the population is 5,794. Its county seat is Battle Mountain6. History Lander County was one of the original nine counties created in 1861. Named for Frederick W. , to Bradner Resources. The Colorback Claims and the adjacent lands subject to the assignment are leased from third parties by Bradner and Akiko Nevada each as to an undivided 50 percent interest. Akiko Nevada has retained its one-half interest in the option to purchase the lessor's 4 percent net smelter returns production royalty under the terms of the original Colorback Claims lease agreement. In consideration of the assignment, Bradner has agreed to pay an aggregate of US$25,000 and issue an aggregate of 75,000 common shares of Bradner. Bradner will also reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. Akiko Nevada for its share of certain maintenance fees and lease holding payments incurred from August 29, 1997. The assignment and transactions contemplated by it are subject to a satisfactory title report and the approval of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . Bradner Resources Ltd. Michael Levinson, Chairman of the Board -0- THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. CONTACT: Bradner Resources Ltd. Michael Levinson, 604/682-0588 604/682-0537 (FAX) |
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