CORP. / Startech Energy mails Offer For Laurasia Resources Ltd
CALGARY, Dec. 23 /CNW/ - Startech Energy Inc. (''Startech'') (SEH: TSE)
announced that, further to its press release dated December 8, 1997, it has
mailed a take-over bid circular dated December 19, 1997 to acquire all of the
outstanding common shares of Laurasia Resources Limited (''Laurasia'') for
$0.24 (Canadian) and 0.0362 of a common share of Startech for each Laurasia
common share to all registered shareholders of Laurasia and intermediaries.
The offer is open for acceptance until 6:00 p.m. (Calgary time) on January 12,
1998.
Laurasia's board of directors has unanimously recommended that
shareholders accept the offer in their directors' circular dated December 19,
1997, which was mailed with the take-over bid circular.
Nesbitt Burns Inc., in Canada, and Nesbitt Burns Securities Inc., in the
United States, have been appointed dealer managers in respect of the offer.
The depositary is Montreal Trust Company of Canada which has established
depositories in Toronto, Montreal, Calgary and Vancouver. |
