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G2 Goldfields Inc T.GTWO

Alternate Symbol(s):  GUYGF

G2 Goldfields Inc. is a Canadian resource exploration company focused on the acquisition of multiple, but historically challenged, mineral exploration projects, each with the potential to identify and generate one or more significant gold projects for development. Its projects include Guiana Shield, Oko Aremu District and Puruni. The Guiana Shield contains the elements of orogenic gold, conglomerate-hosted gold, Transamazonian/Birimian green-stone terrane, making it favorable for exploration. The Oko-Aremu district and Puruni district properties contain two of the four past-producing historical mines in Guyana. The properties total approximately 37,068 acres and are in the Cuyuni-Mazaruni Region (Region 7) of north-central Guyana in the Guiana Shield. The Oko Project is divided into the Oko Main Zone in the north and the Ghanie Zone to the south. The Oko property is host to high grade orogenic gold mineralization within the Cuyuni Basin Sediments and the underlying Barama volcanics.


TSX:GTWO - Post by User

Bullboard Posts
Post by Intellectualon Mar 19, 2000 10:42pm
355 Views
Post# 1607514

Possible buyout: Read this and weep, shorts!

Possible buyout: Read this and weep, shorts!Stagecoach Leasing Unit Sale Seen - Newspaper Sunday, March 19, 2000 09:27 AM LONDON (Dow Jones)--Transport group Stagecoach Holdings PLC (U.SGS, news, msgs) is to sell its Porterbrook train leasing operation to Abbey National PLC (ANBA, news, msgs) for GBP1.3 billion, the U.K.'s Sunday Business newspaper reports. The paper said the move, to be announced within a fortnight, was aimed at boosting Stagecoach's share price. The paper also said Abbey National was understood to be negotiating to buy Seattle-based aircraft lessor Bouillion Aviation from Deutsche Bank AG (G.DBK, news, msgs) for GBP250 million. No one from Abbey National or Stagecoach was available for comment. The paper said Stagecoach would use the proceeds from the sale to fund expansion in the U.S. and Europe. The paper quoted +industry insiders+ as saying the company may be tempted to bid for America's biggest bus operator, Laidlaw Inc. (LDW, news, msgs), which owns the Greyhound brand. The paper also quoted analysts as saying Stagecoach may use the money to buy back shares, or that the group's Executive Chairman Brian Souter may consider taking the company private. Quote for referenced ticker symbols: ANBA, LDW © 2000 Dow Jones & Company, Inc. All Rights Reserved.
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