Chartwell International Inc. acquires option to purchase Hibernia Resources Inc.International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CHAP) announced that it has entered into an option to purchase the outstanding shares of Hibernia Hibernia: see Ireland. Resources Inc. for $3 million. Terms consist of $2.5 million in Chartwell Preferred Series C stock and a one-year adj. 1. completing its life cycle within a year. Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants" annual phytology, botany - the branch of biology that studies plants note for $500,000. Hibernia owns an operating underground gold mine in Colorado and an operating silver recovery plant in Durango, Mexico. Hibernia controls substantial gold and silver reserves throughout Central and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Chartwell International is a holding company with domestic and international real estate and mining properties. CONTACT: Chartwell International Inc. Kathryn Lydens, 303/788-1441 |
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