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Mining purchase.


Canada-based Gitennes Exploration sold a 100% interest in Kori Pampa Pampa (păm`pə), city (1990 pop. 19,959), seat of Gray co., extreme N Tex. This cow town on the Panhandle plains still ships cattle and wheat and packs meat, but the discovery of oil and gas has made it an industrial center with refineries and , a mining company in Peru to Montreal-based Cambior Cambior Inc. was a Canadian based international gold producer with operations, development projects and exploration activities in the Americas. Cambior’s shares traded on the Toronto (TSX) and American (AMEX) stock exchanges under the symbol “CBJ”. . Kori Pampa is the owner of mineral rights to a number of properties in Peru, including nine concessions making up its Virgen Virgen is a muncipality in the district of Lienz in Tyrol in Austria.

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 Property. Castle Keep, a subsidiary of Gitennes, received an initial payment of US$2.5 million. To complete the sale, Cambior must pay an additional $2.5 million within a year and another $2 million within two years.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:Bustos, Sergio R.
Publication:Latin Trade
Date:May 1, 1999
Words:78
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