Coleville Resources - Ojolali Gold Project Joint Venture in Indonesia.CALGARY, Alberta--(BUSINESS WIRE)--Feb. 14, 1997-- Coleville (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CLL CLL abbr. chronic lymphocytic leukemia CLL, n.pr See leukemia, chronic lymphocytic. CLL 1. Chronic lymphocytic leukemia 2. Cholesterol-lowering lipid ) Coleville Resources Ltd. wishes to announce that in furtherance of its previously announced joint venture with Antares Mining and Exploration Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) ) concerning the acquisition by Antares of a 45 percent interest in the Ojolali gold property in the district of North Lampung, Lampung Province on the island of Sumatra in the Republic of Indonesia, Antares has paid U.S. $1,500,000 in trust, as of today's date, for the benefit of the joint venture's Indonesian partner, P.T. Kurnia Dwipa Kencana. A definitive joint venture agreement will be signed on or before February 25, 1997. Initial assay results from Antares due diligence on the high priority targets, namely Area C1, Bukit Jambi, Bukit Kencur and Bukit Batu Kuning, are currently being analyzed and will be released shortly. Approved on behalf of the Board of Directors by: "Signed" W.A. Peter Perry, 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. and director. -0- Note to Editors: Neither the Alberta Stock Exchange nor any other regulatory body has approved or disapproved of the contents of this news release. CONTACT: Silicon Capital Corp. Gerry Belanger, 403/205-3660 stockmkt@cadvision.com |
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