|Fri Mar 2, 2001|
|Sultan Minerals Inc. (SUL-cdnx) has agreed to settle indebtedness with one creditor, subject to acceptance for filing by regulatory authorities. The Company has agreed to issue a total of approx 885,531 common shares at a price of $0.10 per share, subject to a hold period, in satisfaction of indebtedness in the amount of $88,553.16. The Company expects that the proposed debt settlement will assist the Company in maintaining the minimum required working capital.|
A.G. Troup, P.Eng.
For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com
Ticker Symbol: SUL-cdnx
SEC 12g3-2(b): 82-4741
No regulatory authority has approved or disapproved the information contained in this news release
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