Business Services Industry
Chartwell International, Inc. Seeking High-Grade Gypsum Buyer
Business Wire, Dec 29, 1998
DENVER--(BUSINESS WIRE)--Dec. 29, 1998--Chartwell International, Inc. (NASD BB - CHAP) is actively seeking a buyer for its high-grade gypsum.
The Company holds the right to mine a total of 5,000,000 tons of gypsum from the Riverview Placer Claims, located in Washington County near St. George, Utah. In addition, in September 1993, the Company filed 12 unpatented claims in the same general area.
Laboratory tests of the gypsum samples and geological studies established that the Riverview Placer Claims contain ample gypsum reserves suitable for use in food, pharmaceutical, cosmetic, dental, and other high grade applications. An in-depth report is available to serious buyers. Food/pharmaceutical-grade gypsum commands a substantial premium in price over the conventional lower grade gypsum that is commonly used in the construction and agricultural industry. Chartwell's intention is to sell its claims and its right to mine this gypsum.
Chartwell International, Inc. is a publicly traded diversified holding company.
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