| Business Summary | | Newgold,
Inc.
has
been
engaged
in
the
acquisition,
development
and
exploration
of
gold-bearing
properties
in
the
continental
United
States.
The
Company
currently
has
placed
its
only
remaining
property,
the
Relief
Canyon
Mine,
located
in
Pershing
County,
Nevada,
on
a
care
and
maintenance
status,
and,
on
April
18,
2000,
the
Company
executed
a
contract
for
the
sale
of
its
remaining
mining
assets.
The
sale
is
expected
to
close
on
or
before
June
15,
2000
and
the
Company
no
longer
plans
to
pursue
mine
development
operations.
The
Company
has
recently
embarked
on
a
new
business
strategy
whereby
it
will
become
an
Internet
holding
company
that
invests
in
and
manages
high-tech,
Internet
based,
business-to-business,
supply-chain
e-commerce
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Newgold,
Inc.
has
been
engaged
in
the
acquisition,
development
and
exploration
of
gold-bearing
properties
in
the
contiental
United
States.
The
Company
intends
to
establish
itself
as
an
Internet
Company
focused
on
B2B
and
Application
Service
Provider.
For
the
nine
months
ended
10/31/00,
the
Company
reports
no
revenues.
Net
loss
totaled
$1.6
million,
up
from
$356
thousand.
Results
reflect
the
fact
that
the
Company
is
not
actively
operating
its
properties. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | A. Scott Dockter | Chairman,
Pres, CEO | James Kluber, 49 | CFO,
Exec. VP, Director | John Mackay, 50 | Sec.,Corp.
Counsel Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|