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CaribGold Reports First Half Results for 1998.


TORONTO--(BUSINESS WIRE)--Aug. 17, 1998--CaribGold Resources Inc. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: CG) reports a loss of US$389,981 for the six months ended June June: see month.  30, 1998, compared with a loss of US$57,645 in 1997.

CaribGold ended the period with cash and short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 investments of US$3,613,602 (equivalent to approximately Cdn$5,456,536 or Cdn$0.52 per share) and no debt. -0-
                   Expressed in US dollars

                                     6 months ended June 30
                                        1998         1997

Interest income                      $ 103,139    $ 229,331

General & Administrative Expenses      175,705      167,076
General Exploration                    117,638      119,900
Investment write down to market        199,777            -
                                    -----------------------
Net loss for the period               (389,981)     (57,645)

Net loss per share                   $   (0.04)   $   (0.01)

Weighted average number of
 shares outstanding                 10,496,000   10,496,000



CONTACT: CaribGold Resources Inc.

Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved.  Zyla or David Bell David Bell may refer to:
  • David Bell (television) (1936-1990)
  • David Bell (VC) (1845-1920), Irish soldier
  • David S. Bell, an alleged ghost of Bell House in Georgia, USA featured on the Megascience episode "Ghosthunters"
  • David E.
, 416/350-2338

416/350-3510 (fax)
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Publication:Business Wire
Date:Aug 17, 1998
Words:146
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