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Article: EuroGas Buys Option to Acquire Stake in Beaver River Natural Gas Field in British Columbia, Canada
- Article from:
- PR Newswire
- Article date:
- November 20, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Canadian Occidental Petroleum Subsidiary to Invest Up to Cdn.$17,550,000 in
Beaver River Natural Gas Field
EuroGas Also Invests Cdn.$1,400,000 in United Gunn Resources Ltd. (Which Owns
16.7% Interest in Beaver River Natural Gas Field) Via Private Placement
NEW YORK, Nov. 20 /PRNewswire/ -- EuroGas, Inc. ("EuroGas" or the "Company") is pleased to announce that it has acquired an option to purchase a 100% interest in Beaver River Resources Ltd. ("BRRL"), a closely held Canadian corporation, in exchange for a payment of US$300,000. In order to acquire a 100% interest in BRRL, the Company will issue 2,113,207 ...