Caledonian Announces Funding by Base Metals Exploration NL.VANCOUVER, B.C.--(BUSINESS WIRE)--Dec. 1, 1999-- Base Metals Exploration NL (Base) has advised, pursuant to the agreement dated 17 December 1997, that the total amount committed on exploration and prospecting is $14,340,600. These funds have been received by Caledonian Pacific Minerals NL (CDNX CDNX See Canadian Venture Exchange (CDNX). :CDM.) (ASX ASX See: Australian Stock Exchange .: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. .)(Caledonian). This represents a working interest by Base of 31.868% in the mineral tenements of Caledonian. Base may further increase the committed amount to $14,839,200 at any time prior to 31 January 2000. In this case, Base's working interest in the mineral tenements would increase to 32.976% Caledonian currently has $9,800,000 in Treasury. On behalf of Caledonian Pacific Minerals N.L. David R. Whitfield, President/Chairman 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 not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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