Cartaway Resources - Agreement with Rockhopper Corporation - Sapphire Deposit in Southern Labrador.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Nov. 7, 1996--CARTAWAY RESOURCES (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). CWA CWA Clean Water Act (33 USC) CWA Communications Workers of America CWA Concerned Women for America CWA CEN Workshop Agreement (European pre-normative document) CWA County Warning Area CWA Clean Water Action . ) Cartaway Resources Corporation ("Cartaway") is pleased to announce that, subject to regulatory approval, it has entered into an agreement with Rockhopper Rockhopper may refer to:
The claims contain a sapphire deposit discovered by Dr. C was a fictional scientist from the TV series Cro. She and her companion, Mike, went to the Arctic and thawed out a mammoth, who could talk. That mammoth now tells stories of life in the stone age with his friend, Cro, and his fellow mammoths. .F. Gower of the Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey Branch of the Newfoundland and Labrador Newfoundland and Labrador, province, Canada Newfoundland and Labrador (ny  `fənlənd, ny Department of Mines and Energy and was made public in 1988. Randal Andrews and Doreen Dicicco started acquiring ground in early 1994. They have recovered in excess of 1,000 carats of sapphire from outcrop surfaces and have had nine stones cut, quality of the sapphires has yet to be evaluated. All were greater than one carat and total 22.83 carats. Cartaway will provide funds to investigate the quality and methods of processing the stones and to further evaluate the geology of the occurrence. Cartaway can earn its interest by issuing 100,000 shares to Rockhopper and completing a $350,000 work commitment by October 31, 1997 and must spend an aggregate of $600,000 and issue a further 100,000 shares by December 31, 1997 in order to keep the option in good standing. Once Cartaway has completed $3,000,000 in expenditures, it will have earned its 50 percent interest. An additional 250,000 shares will be issued to Rockhopper upon reaching a production decision. For more information please contact Sterling Pacific Capital Inc. toll free at 1-800-663-0510 or locally at 604-669-2701. We may also be reached by fax at 604-687-1405. On behalf of the Board of Directors John Ivany, President CONTACT: Sterling Pacific Capital Inc. Investor Relations Investor relations The process by which the corporation communicates with its investors. , 604/ 669-2701 604/687-1405 (FAX) 1-800-663-0510 INTERNET: http://www.sterlingpac.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion