New Guinea Gold Corp NGG
Shares issued 23,167,014 Jan 31 close $0.13
Fri 31 Jan 2003 News Release
Mr. Robert McNeil reports
NEW GUINEA GOLD PROPERTY ACQUISITION APPROVED
New Guinea Gold's special meeting of shareholders today gave unanimous
approval for the ratification of an agreement, the details of which were
announced in the company's news release in Stockwatch June 12, 2002.
Essentially, the company has acquired (subject to final approval from
regulatory authorities) 100-per-cent interest in the shares of Macmin (PNG)
Ltd. which owns the exploration and mining lease interests in seven highly
prospective gold and gold/copper projects in Papua New Guinea.
The company is conducting discussions with parties who have expressed
interest in either financing or joint venture associations. News releases
will be issued as events unfold.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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