Brandon Gold Corporation - Corporate Update.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Feb. 27, 1997-- Brandon Gold Corporation (VSE See DOS/VSE. VSE - Virtual Storage Extended :BG) (BG.V) (the "Company") is pleased to announce the final transaction in its reorganization which is the issuance of 359,251 performance shares which will be held in escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. and are subject to the rules and policies 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). in relation to any future release. Of these shares, Craig A. Angus Angus (ăng`gəs), council area (1993 est. pop. 111,020), 842 sq mi (2,181 sq km), and former county, NE Scotland. Under the Local Government Act of 1973, the county of Angus became part of the Tayside region in 1975. received 287,400 shares and Scott E. Angus received 71,851 shares. Pursuant to the requirements of section 93 of the Securities Act (British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography ), notice is hereby given that Craig A. Angus has acquired, for investment purposes 287,400 performance shares. As a result of this acquisition, Mr. Angus owns 1,537,400 shares of the Company representing an aggregate 17.5 percent of the outstanding shares of the Company and, in addition, Mr. Angus owns 1,250,000 warrants, each warrant exercisable for an additional common share. Pursuant to the Company's news release on November 19, 1996, the Company will not be proceeding with the Tahuehueto project located in Durango State Mexico. The Company is currently reviewing its legal options with respect to this matter. BRANDON GOLD CORPORATION Scott E. Angus, President -0- Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release. CONTACT: Brandon Gold Corporation Ian MacLean, 604/623-4707 |
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