Claimstaker Resources Blackdome Gold Mine.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 18, 1997--(VSE See DOS/VSE. VSE - Virtual Storage Extended :CLN CLN Clean CLN Community Learning Network CLN Colon CLN Celsion Corporation CLN Class Library for Numbers CLN Credit Linked Note CLN Comitato di Liberazione Nazionale (Committee of National Liberation) CLN Corn Lethal Necrosis ) The Board of Directors of Claimstaker Resources Ltd. (VSE:CLN) regrets having to announce the termination of the Agreement between Claimstaker and Petro Plus Inc. whereby Petro Plus Inc. had the option to acquire a 50 percent interest in the Blackdome Gold Mine. When Petro Plus Inc. did not make the payment of $75,000 due August 8, 1997 a formal Notice of Default and Cancellation was forwarded to Petro Plus. The Board of Directors of Claimstaker is in the process of reviewing alternative sources of financing to bring the Blackdome Gold Mine back into production. The previously mentioned feasibility study is nearing completion and will be finalized by month end. On behalf of the Board of Directors Richard Somerville, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. -0- Note to Editors: 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 neither approved nor disapproved the information contained herein. CONTACT: Claimstaker Resources Ltd. Richard Somerville, 604/684-6677 Fax: 604/684-6678 or Investor Relations Investor relations The process by which the corporation communicates with its investors. , 888/236-5200 Web Site: http://infodine.com/cln |
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