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Consolidated Ramrod Gold Corporation - Pacalta To Acquire Ecuadorian And Guatemalan Assets.


VANCOUVER--(BUSINESS WIRE)--March 14, 1996--Consolidated Ramrod ram·rod  
n.
1. A rod used to force the charge into a muzzleloading firearm.

2. A rod used to clean the barrel of a firearm.

3. A harshly demanding overseer; a disciplinarian.

tr.v.
 Gold Corporation announces that it has reached an agreement in principle with Pacalta Resources Ltd., listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
, whereby Pacalta will purchase Ramrod's interest in Oakmark Enterprises Ltd. for consideration which includes a combination of cash, shares in Pacalta and a complete release of the security held over Ramrod's assets that secures debts assumed by Oakmark when Oakmark purchased Ramrod's Ecuadorian and Guatemalan oil assets on January January: see month.  31, 1996.

Complete details of the transaction will be released once a final agreement has been signed.

CONSOLIDATED RAMROD GOLD CORPORATION

Karl Karl. For German and Swedish kings thus named, use Charles.  Rollke

Chairman -0-

Ramrod is now on line on the World Wide Web. The address is - Http://www.erols.com/explore

The Toronto Stock Exchange and NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 have neither approved nor disapproved of the contents of this press release.

CONTACT: Consolidate Ramrod Gold Corporation

Bob Hunziker, 310/452-0730

or

Consolidate Ramrod Gold Corporation

Mark Elenowitz, 800/810-9163
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 14, 1996
Words:156
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