CaribGold Announces The Sale Of Its Quebec Properties To Beaufield Consolidated Resources Inc.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 22, 2001 CaribGold Resources Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). : CG) has signed a letter agreement with Beaufield Consolidated Resources Inc.("Beaufield") (CDNX: BFD BFD Big Freakin' Deal (polite form) BFD Bidirectional Forwarding Detection (IP networking) BFD Binary File Descriptor (computer programming) ) in which CaribGold would sell to Beaufield all of CaribGold's rights, title and interest in its mineral exploration properties in the Province of Quebec in consideration of the issuance to CaribGold of 2,600,000 common shares of Beaufield. Completion of this agreement between CaribGold and Beaufield is subject to execution of a definitive agreement, and obtaining all necessary regulatory approvals. The Quebec property interests transferred by CaribGold pursuant to this agreement include the 100% owned Lac Evans Ev·ans , Herbert McLean 1882-1971. American anatomist who isolated four pituitary hormones and discovered vitamin E (1922). property (250 claims), the 100% owned Allard River Matagami property (119 claims), and the 50% ownership interest Lac Evans property (81 claims) currently held as part of a joint venture with Beaufield. For further information, please contact: Mr. Paul Zyla, Chairman Tel: (416) 350-2338 Mr. David Bell David Bell may refer to:
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 release |
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