Corporate Profile for Colossal Resources Corp., dated Nov. 1, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-
Published Date: Nov. 1, 1996
Company Name: Colossal Resources Corp.
Address: 609 Granville Street, Stock Exchange Tower
Suite 1030
P.O. Box 10336, Pacific Centre
Vancouver, B.C., Canada V7Y 1G5
Main Telephone
Number: 604/688-0044
Internet Home Page
Address (URL): http://www.Colossal-Cobalt.com
Chief Executive
Officer: Dil Gujral
Chief Financial
Officer: Ricky Gujral
Investor Relations
Contact: Darrel Hackman
Business number: 303/306-6351
Home number: 303/306-6351
Public Relations
Contact: Darrel Hackman
Business number: 303/306-6351
Home number: 303/306-6351
Trading Symbol: NASDAQ:CLPZF
Industry: Mining
Market Makers: Troster Singer Corp., Raucher Pierce
Company description: Colossal co·los·sal adj. Of a size, extent, or degree that elicits awe or taxes belief; immense. See Synonyms at enormous. [French, from Latin colossus, colossus; see colossus. Resources Corp. is an emerging international producer of strategic metals. In September of 1996, at its Kabwe Plant in Zambia, it hot commissioned the second 15 tonne Electric Arc Furnaces An electric arc furnace (EAF) is a furnace that heats charged material by means of an electric arc. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary at the world's largest proven cobalt source of which Colossal owns a 60% majority interest. The 8.6 million tonne cobalt-rich stock-pile is conservatively valued at more than US$2.5 billion and will provide Colossal the raw material to fill the current 1300 ton annual primary production shortfall in the global cobalt market and turn Colossal into a world-class cobalt supplier in a relatively short period of time. Because Colossal is well capitalized, has no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. and incurs no mining or finding costs, it is able to produce cobalt for substantially less than other cobalt producers. Conservative estimates show that Colossal will be very profitable and provide investors with a generous return. CONTACT: COLOSSAL RESOURCES |
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