NPTU looks interesting
August 29th, 2003
Further to the general thoughts from Dr. Greig included in our original proposal he has provided the following brief information regarding a specific hotel project he is currently pursuing. Upon the completion of the re-organization Naptau will be eligible for up to a 20% participation in the project.
Project Outline
Type: Hotel Acquisition
Asset Value: $348,000,000
Financing In Progress: $165,000,000
Initial Outlay: $185,000 for insurance and financing commitment
One Leads to Another
If this project moves as contemplated it is slated to be the first of further acquisitions of this type.
Re-Organization Calendar of Events
September 2-3................................. Mailing of Amended Re-Organization Plan
September 17 .................................. Deadline for return mailing of Responses
September 24 .................................. Determination of Results
CAUTIONARY STATEMENT
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This Supplemental includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Naptau, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Naptau’s expectations are the approval of the Re-Organization plan, availability of projects detailed herein, and from time to time in the filings made by Naptau with securities regulators.
--------------------------------------------------------------------------------
NAPTAU GOLD CORPORATION
of 1
