TSXV:ICAU.H - Post by User
Post by
babybullon Feb 23, 2000 2:19pm
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Post# 1432021
** ALERT... NR >>>>>>>>>>> READY TO RUN
** ALERT... NR >>>>>>>>>>> READY TO RUNGeodex Minerals Ltd -
Geodex negotiates company acquisition
Geodex Minerals Ltd GXM
Shares issued 2,766,130 2000-02-22 close $0.17
Wednesday Feb 23 2000
Mr. Jack Maris reports
Geodex Minerals is in advanced negotiations with a group involved in the high-tech industry with respect to an acquisition. The company is assessing the prospects for obtaining financing. Management believes that it is in the best interests of the company to actively pursue a business opportunity in the high-tech field in order to increase the prospects for enhancing shareholder value, notwithstanding that an acquisition would take the company out of its traditional business of mineral exploration. Any agreement respecting an IT acquisition will be subject to the approval of the Canadian Venture Exchange.