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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8691)1/27/1998 8:55:00 PM
From: Arnie   of 15196
 
ACQUISITION / Startech Energy acquires additional Laurasia Res. Shares

CALGARY, Jan. 27 /CNW/ - Startech Energy Inc. (''Startech'') (SEH: TSE)
announced today that, pursuant to the extension of its offer to acquire all of
the issued and 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, an additional 1.76 million Common Shares have
been taken up by Startech. As a result, Startech now owns approximately 91.2%
of the issued and outstanding Common Shares of Laurasia.

The offer expired at 6:00 p.m. (Calgary time) on January 26, 1998.
Startech anticipates that the remaining outstanding Common Shares of Laurasia
will be acquired pursuant to the compulsory acquisition provisions of the
Ontario Business Corporations Act.
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