News Releases
March 2, 2001
Hi-Q Minerals Inc. - Industrial Minerals Project
The Company has entered into a pilot project leading up to a possible joint venture development of an aggregates and decorative stone business with Hi-Q Minerals Inc. of Blaine Washington. Under the terms of the initial project, IMPACT will advance up to a maximum $25,000 to fund a small scale test for extracting, sorting, packaging and marketing of decorative stone. The advances are secured by a non-interest bearing promissory note, repayable in one year or, at IMPACT's option, convertible into treasury shares of Hi-Q Minerals Inc. at a price of $0.25 per share. The program is designed to develop a more thorough analysis of the related costs and revenues and to evaluate the potential market for the product.
IMPACT Minerals International Inc. is engaged in the exploration and development of minerals worldwide. The Company's principal activities are currently focussed on precious and metals metal opportunities in the Dominican Republic.
On behalf of the Board of Directors,
Walter Sellmer
Director
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