Ikar to Meet with International Monetary Fund.NORTH VANCOUVER, British Columbia--(BUSINESS WIRE)--April 16, 1998--Ikar Mineral Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:IKAR IKAR International Commission on Alpine Rescue ) Chief Executive Officer Randall Andrus in May will meet with the International Monetary Fund, plus private investment groups in Dubai, London and 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 , regarding senior financing for the development of Ikar's precious and base metals concession in Tajikistan. The meeting with two senior IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). officials from Washington will take place in Dushanbe, the capital of Tajikistan Noun 1. capital of Tajikistan - the capital of Tajikistan; formerly Stalinabad 1926-1991 Dusanbe, Dushanbe, Dyushambe, Stalinabad Republic of Tajikistan, Tadjik, Tadzhikistan, Tajikistan, Tajik, Tadzhik - a landlocked mountainous republic in southeast . The IMF has been in contact with Ikar after learning of the size and potential of the company's 100,000-acre Rushan Complex because its development will prove to be extremely meaningful to the emerging Tajik economy. Ikar has always been keenly aware of this fact, and has worked closely with the Tajik government since acquiring the Rushan Complex in 1997. Prior exploration by Russian geologists revealed that the concession, located in the Pamir Region of southeastern Tajikistan, contains world-class deposits of tungsten and iron ore, plus economic values in gold, silver, copper and cobalt. Ikar's ties to the Tajik government are underscored by the fact that apart from meeting the IMF officials in Dushanbe, Andrus also will meet with Y.N. Azimov, the prime minster of Tajikistan, and A.N. Niyozmamadov, the mayor of the Pamir Region to discuss additional infrastructure matters beneficial to both parties. Andrus also will meet with A.O. Orifov, head of the Tajik Geology Headquarters to discuss Ikar's plan for the coming exploration season. To date, Ikar's further development of the Rushan Concession, includes exploration, road-building and construction of camp facilities and an assay lab. Andrus' meetings with investment syndicates in Dubai, London and New York will explore a number of financing proposals, including joint venture partnership. Ikar Mineral Corp. itself is well-funded. As announced on March 31 of this year, the company has raised an additional $1 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in working capital in the form of a moving convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. through the efforts of the Draco Group of Cos. CONTACT: Ikar Mineral Corp., North Vancouver Investor Relations, 888/322-4527 or 604/986-9961 FAX 604/986-9962 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion