| To: georges costanza who wrote (43) | 6/8/1998 9:44:00 PM | | From: John Soileau | | | |
Check this out:
N E W S R E L E A S E
Kelvin Grove Estates Ltd., a Company controlled by the Chairman of Spokane Resources Ltd. (the "Company"), G. Arnold Armstrong, entered into a Loan Agreement with the Company as announced on December 19, 1997, wherein the Company could draw up to $250,000 by way of a loan from Kelvin Grove Estates Ltd. Due to Mexican administrative delays in the completion of the formal acquisition of the Mexican properties, originally announced on October 16, 1997, the Company has borrowed approximately $670,000 from Kelvin Grove Estates Ltd. in order to advance the Mexican project which is joint ventured with Sand River Resources Ltd.
Kelvin Grove Estates Ltd. and the Company have entered into a Loan Agreement whereby the Company can borrow up to a total of $700,000 from Kelvin Grove Estates Ltd., inclusive of the funds advanced to date, with all funds advanced bearing interest at prime plus 5% per annum. As additional consideration for incurring the risk of advancing the funds, the Company has agreed to grant Kelvin Grove Estates Ltd. a loan bonus of 20% of the total principal amount of the funds advanced, payable in shares of the Company at a deemed price of $0.30 per share. The Agreement remains subject to regulatory approval.
Thanks for the loan terms, they're SO generous to the company.
BTW, how's the billion dollar Mac property doing? |
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| To: Texas77 who wrote (45) | 6/28/1998 2:49:00 PM | | From: John Soileau | | | |
In late March, they said this in the Form 61 filing:
Fluor Daniel Wright are continuing their prefeasibilities study
on the Camp Zone of the Mac Property. They reported that they
have developed the base case and are running sensitivities
on price,recovery, plant throughput and resources grades.
Their report is expected within the next few weeks.
Where is it?????? |
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| To: John Soileau who wrote (46) | 6/28/1998 4:14:00 PM | | From: Texas77 | | | | |
Maybe they are on a different calendar than we are!! The whole junior situation is pretty depressing right now. I think that most of them would like to hold any little bit of good information until the markets pick up - but it doesn't look as if they are going to pick up. I am hoping that it is darkest before the dawn. Since I am down 70% on my Juniors PF - I may as well hold on a bit longer. |
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| To: Sam Chong who wrote () | 1/1/1999 4:00:00 PM | | From: John Soileau | | | |
The thread is dead, looks like the stock is dead too. Mac is history
and there's no news of anything else worthwhile in the pipeline.
Maybe we're about back to a shell. Ashes to ashes?
Anyone feel otherwise, let me know. Happy New year
john |
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| To: Texas77 who wrote (49) | 1/30/1999 3:57:00 PM | | From: John Soileau | | | |
Thanks Dave, I've got plenty of time, just want some action by the intrepid management every now and then!
I did speak to the new in-house geologist, seems to know his stuff
and is quite eager to get work done on the new projects.
John |
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| To: John Soileau who wrote (50) | 1/30/1999 4:01:00 PM | | From: Texas77 | | | | |
John, As best as I can tell - there are some very influential folks lining up behind SKN. If I can find out anything definite I will let you know. |
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