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News Releases
May 11, 2005
E-Energy to acquire Limerick and Stormy Mountain claims
PROPERTY AGREEMENT
The TSX Venture Exchange has accepted for filing a letter of intent dated Feb.
18, 2005, between E-Energy Ventures Inc., Impala Resource Services Ltd. and
Elite Vantage Development Ltd., pursuant to which the company has the option to
acquire from Impala and Elite (the vendors) a 100-per-cent interest (subject to
a 2-per-cent net smelter return in 20 mineral claims comprising the Stormy
Mountain property located in Yukon.
The total consideration payable by the company to the vendors on closing is
$75,000 cash and two million common shares.
Finders fee: A finder's fee of 293,750 common shares of the company is payable
to Dallas Burns in connection with the acquisition.
Insider/pro group participation: N/A
For further details, please refer to the company's press release dated Feb. 21,
2005.
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