Sungold Gaming International Ltd. -- Announcement.VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 30, 1999-- Racetrack Options Renegotiated Sungold has renegotiated its option with A.C. Gilmore & Sons (Farms) Ltd. regarding development of the Gilmore Farms 227 acres for the Richmond Racetrack Multi-plex. The new agreement gives Sungold the option to purchase 100% of the shares of A.C. Gilmore & Sons (Farms) Ltd. for $20,992,490 CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. . until Nov. 13, 2000. Sungold may exercise its option by making a deposit of $200,000. CDN. by Sept. 14, 2000. In addition, the Letter of Intent between Sungold and T.A.C. International for the option to purchase 6 million shares of Sungold common for $4. US per share has been extended to Oct. 1, 2000. New Director Appointment Sungold is pleased to welcome Kenneth Chan Kenneth Chan, a.k.a. Chan Kai Tai (Traditional Chinese: 陳啟泰, Hanyu Pinyin: Chén Qǐtài, Cantonese: Chan4 Kai2taai3, born 16 July 1964), is a Hong Kong actor and television host for the Hong Kong-based ATV channel (previously working , 50 to the Board of Directors. Chan will also assume the responsibility of the position of vice president of corporate finance. Ken has been involved in asian banking, international finance and real estate development for the past fifteen years. Ken is V. P. of Royal West Development & Investments Corp. and was manager of Asian Banking at C.I.B.C. Vancouver, vice president finance for F.T.B. Packing Company in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and China (a division of Ball Corporation), manager of Commercial Banking for the Royal Bank in Toronto and deputy general manager for Fujian Asian Bank Ltd. in Fujian Province, China. Chan is the vice president of the Richmond Asia Pacific Business Association, director of tourism Richmond and a member of the Canada China Business Council The Canada China Business Council or CCBC (French: Conseil commercial Canada-Chine, Chinese: 加中贸易理事会) is "a private sector, non-profit membership organization incorporated in 1978 to facilitate and promote trade and , Hong Kong Canada Business Association and the Chinese Entrepreneurs Society of Canada. Chan is multilingual and due to his cultural diversity Chan is able to effectively develop business between North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. countries. Chan has a M.B.A. from Dalhousie University. Management believes Ken Chans proven business track record in working with investors and business development throughout the Pacific Rim will be a great asset to Sungold's Management team. SUNGOLD GAMING INTERNATIONAL LTD. Per: "Kim Noble Hart" Kim Noble Hart, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. For more information regarding this release or to be updated on future corporate news, please contact Anne Kennedy at 604/669-9580. Visit our website: www.sungoldgaming.com |
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