Colony Reports Second Quarter Results for the Six Months Ended April 30, 1997.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--June 27, 1997--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). CYX.) Colony colony, any nonself-governing territory subject to the jurisdiction of a usually distant country. The term is also applied to a group of nationals who settle in a foreign country or territory but retain political or cultural connections with their parent state. Pacific Explorations Ltd. (CYX- TSE) reports revenues for the second quarter of $92,000 compared to revenues of $50,000 in the second quarter of 1996. Interest income increased by $48,000 over the April 1996 quarter while oil and gas revenues fell $5,000 due to lower oil prices in the current quarter. Higher general and administration costs were offset by unrealized foreign exchange gains and oil and gas production cost credits. Net income for the second quarter was $22,000 ($0.00 per share) versus a loss of $20,000 ($0.00 per share) in the prior year's quarter. The six month loss is $202,000 ($0.01 per share) versus a loss of $56,000 ($0.00 per share) in the 1996 period. Mineral property expenditures totalled $1,889,000 in the quarter ended April 30, 1997 compared to $14,000 in the 1996 quarter. At April 30, 1997 Colony had working capital of $4,308,000. In May 1997 Inco exercised share purchase warrants and acquired 350,000 shares of Colony adding $525,000 to Colony's treasury. Pierre Pierre (pēr), city (1990 pop. 12,906), state capital (since 1889) and seat of Hughes co., central S.Dak., on the east bank of the Missouri River, opposite Fort Pierre; inc. 1883. Lebel Lebel (also Le Bel or LeBel) is a surname, and may refer to:
CONTACT: Colony Pacific Explorations Ltd. Pierre Lebel, 604/ 689-5797 604/ 687-4030 (FAX) or Colony Pacific Explorations Ltd. Maryse Belanger Bélanger is a French surname that derives from the Old French given name Berenger, which is of Germanic origin. In the English-speaking parts of North America, Bélanger has been anglicized to Belanger or occasionally to Belonger. Belanger means "warrior" in Old French. , 604/ 689-5797 604/ 687-4030 (FAX) or Colony Pacific Explorations Ltd. Charlene Parisotto, 604/ 689-5797 604/ 687-4030 (FAX) |
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