Printer Friendly
The Free Library
19,607,053 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

DELGRATIA MINING CORP. - ACQUISITION.


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.
, B.C.--(BUSINESS WIRE)--Aug. 23, 1995--DELGRATIA MINING (VSE See DOS/VSE.

VSE - Virtual Storage Extended
: DAR 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
: DELGF) In February 1995 the Company concluded a transaction with International CanAlaska Resources Ltd. ("CanAlaska") whereby the Company acquired a 100 percent interest in the El Pauji Placer Concession, Bolivar State, Venezuela, by acquiring all of the shares of Corporacion Mercantil de Minas Minas may refer to:
  • Minas, Uruguay
  • Minas Avetisyan
  • Minas (bishop)
  • Minas cheese (from Minas Gerais)
  • Minas Department, Córdoba
  • Minas Department, Neuquén
  • Minas, Cuba, a municipality in Cuba
  • See also: Special:Allpages/Minas
, C.A. ("Comermin"). Comermin owns all the shares of ARAPCO Administracion de Proyectos, C.A. ("ARAPCO"), the company holding the concessions. Due to an inability of CanAlaska to deliver the shares representing 100 percent interest in Comermin, the Company retained Venezuelan counsel to review the legal status and ownership of Comermin. Upon Venezuelan counsel's review, certain potential irregularities as to title were reported.

Any potential cause of action by the Company against CanAlaska was settled by the terms of the agreement between the Company and CanAlaska as described in the Company's news release dated July 20, 1995, which agreement is subject to regulatory approval. As part of the settlement the Company and CanAlaska pooled their interests in order to protect their interests in the El Pauji Concession and have retained Venezuelan counsel to investigate the possibility of legal action and, if warranted, to initiate same as soon as possible. At this time the legal ownership of Comermin is uncertain.

On Behalf of the Board

Terry Alexander

President and Director

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 not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

CONTACT: Terry Alexander

President and Director

604/685-7933

604/685-8109 (FAX)

INDUSTRY KEYWORD: MINING REPEATS: New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 212-575-8822 or 800-221-2462; Boston 617-330-5311 or
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Aug 23, 1995
Words:268
Previous Article:Dusty Mac acquires 37.5 percent working interest in Breeze II (Colorado).
Next Article:Robbins-Gioia wins a $10 million implementation contract with IBM UK supporting the Royal Air Force; Robbins-Gioia and IBM to deliver new Logistics...
Topics:



Related Articles
Delgratia Mining and Pinewood Resources - Mackenzie Claims.
Coeur d'Alene Mines announces the acquisition of shares and options in Orion Resources NL from Homestake Mining Co.
Delgratia Acquires Six Properties in Baja California, Mexico.
Radar Acquisitions Secures Option on Ammonite Shell Lease.
BMR GOLD Signs Letter of Intent to Acquire Advanced High-Grade South American Gold/Silver Property.
Delgratia Mining - Shareholders Elect Directors and Ratify Nevada Acquisition.
Aurex Resources - Negotiations with American Mining Company.
Ambrex drops option on Paraiba Gold Mine; will develop six adjacent high-grade lode deposits.
Going for the Gold: Diversified Environmental Resources Acquires Gold, Silver and Platinum Properties.
BRIEFCASE NORTHROP FINISHES TRW INTEGRATION.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles