Caledonian Pacific Minerals NL Announces Additional Fundings of $7,447,800 For Caledonian.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--July 6, 1999-- Caledonian(VSE See DOS/VSE. VSE - Virtual Storage Extended :CDM 1. CDM - Content Data Model 2. CDM - Code Division Multiplexing .) (AUSTRALIA 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 Pacific Minerals NL (Caledonian) advises that Base Metals Exploration NL (Base) has confirmed, pursuant to the agreement dated 17 December 1997, that Caledonian can expect to receive $5,490,000 in additional funding, upon receipt of funds from participants. As a result Base would increase its working interest in the mineral tenements to the maximum of 40 percent. The balance of previously committed funds of $1,957,800 together with the newly committed funds of $5,490,000 are expected to be received by 30 September 1999. These funds will increase Caledonian's treasury by $7,447,800. On behalf of Caledonian Pacific Minerals N.L. David R. Whitfield, President/Chairman 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). has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release |
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