EMR supports bid on Argentinean Copper-Gold property.FREDERICTON, New Brunswick--(BUSINESS WIRE)--June 26, 1996--EMR MICROWAVE TECHNOL (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :EMW EMW Electromagnetic Wave EMW Ericsson Microwave Systems EMW Expeditionary Maneuver Warfare EMW Eisenach Motoren Werke EMW Electromagnetic Warfare EMW Early Morning Wakening (aka terminal insomnia) EMW Engineer Mine Warfare ) EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. Microwave Technology Corporation announces that it has joined Toscana Resources Ltd. (TNR-VSE) and Eastcan Mining Limited (a subsidiary of Eastcan Resource Group) of New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. in their bid on a large Argentinean copper-gold property. The subject property consists of over 250 square kilometers surrounding the Alumbrera copper-gold deposit in the Catamarca Province, Argentina. The property contains several identified copper-gold deposits in varying stages of development. A Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. between EMR and Toscana-Eastcan provides for exclusive use of EMR's process in the concession area in return for a royalty stream and full retention of technology ownership to EMR. The Toscana-Eastcan bid has successfully passed the first of a two-step qualification process; the second stage is scheduled for 27 June 1996 at which time the financial bid packages will be opened. -0- EDITOR'S NOTE: THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS PRESS RELEASE CONTACT: EMR Microwave Technology Corporation Dr. J.M. Tranquilla, 506/459-4334 506/459-4345 (Fax) or Ms. P. Neill, 506/444-8704 506/459-4345 (Fax) |
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