Visa Gold Announces Patrimony Evaluations Of "Palemon Artifacts" To Be Completed by August 8th 2001.Business Editors TORONTO--(BUSINESS WIRE)--July 24, 2001 Visa Gold Explorations Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). - YVL) announced today that the Department of Patrimony PATRIMONY. Patrimony is sometimes understood to mean all kinds of property but its more limited signification, includes only such estate, as has descended in the same family and in a still more confined sense, it is only that which has descended or been devised in a direct line from the will be completing the evaluation of the Palemon artifacts artifacts see specimen artifacts. by August 8th 2001, which will close out the second phase in the "Separation Process". The final step in this procedure will be the division of artifacts. Once completed, the company will commence exportation of it's portion of the artifacts to Canada, and pursue it's marketing and revenue initiatives. Also, the company has made an application to the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) , seeking the exchange's approval to reprice the exercise price of 800,000 Warrants that were originally issued on February 17, 2000. Each Warrant currently entitles the holder thereof to acquire one common share of Visa Gold, at an exercise price of $0.60 at any time on or prior to August 18, 2001, the expiry date of the Warrants. In order to encourage the exercise of the Warrants, and in light of the recent trading price Trading price The price at which a security is currently selling. of Visa Gold's common shares, the Company is seeking the CDNX's consent to amend the exercise price of the Warrants to $0.10 per common share. The Company is not seeking the extension of the term of the Warrants. ABOUT VISA GOLD EXPLORATIONS INC. Visa Gold Explorations Inc. is party to a joint venture agreement with its Cuban partner, Geomar S.A., to search for shipwrecks This list of shipwrecks is of those ships whose have been located. Africa East Africa
Please visit our web site to view several new photographs of the recent restored artifacts, at our image gallery. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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