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Eagle Plains/Miner River Complete Amalgamation
Calgary Alberta: The board of directors
of Eagle Plains Resources Ltd. (EPL:ASE) and Miner River
Resources Ltd. (MRG:ASE) announce that the respective
shareholders of Eagle Plains and Miner River have unanimously
approved the previously announced amalgamation of the
two companies under the name "Eagle Plains Resources
Ltd.". It is anticipated that the effective date
of the amalgamation will be May 12th, 1999.
Once effective, holders of Miner River will receive
1.2 common shares of the amalgamated corporation for
each common share of Miner River held. Holders of
Eagle Plains common shares will receive one common share
in
the amalgamated corporation for each common share
of Eagle Plains held. The directors of the amalgamated
corporation shall be as follows: Tim J. Termuende,
Glen
J. Diduck, L.W. (Lou) MacEachern and John J. Barclay.
The officers of the amalgamated corporation shall
be Tim J. Termuende, President and Chief Executive Officer;
Glen J. Diduck, Chief Financial Officer and Treasurer;
Darren Fach, Corporate Secretary; and Carol T. McDonald,
Assistant Secretary. R.W. Termuende will serve on
the
advisory board.
When amalgamation is implemented, Eagle Plains Resources
Ltd. will have a 100% interest in twenty properties
in western Canada, half of which target silver, lead
and zinc. Six of these base-metal properties are located
in southeastern British Columbia and four are situated
in the Yukon. The company is also exploring ten gold
properties located within the Tintina Gold Belt in
central Yukon. Eagle Plains benefits by having three
of its
advanced base-metal projects optioned to major exploration
companies (including Kennecott Canada Exploration
Inc. and Rio Algom Exploration Inc.), each of which
has indicated
that it intends to carry out drilling programs during
the 1999 field season.
Eagle Plains Resources
"
Robert W. Termuende"
Miner River Resources
"
Tim J. Termuende"
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