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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: IngotWeTrust who wrote (3375)10/18/2002 9:42:16 AM
From: long-gone  Read Replies (1) of 4051
 
Bema Gold and EAGC Ventures plan merger

Oct 17, 2002 (AFRICAN MINING MONITOR via COMTEX) -- Canadian mining companies Bema Gold Corp and EAGC Ventures Corp have announced plans to merge in a move that would see Bema acquire a large gold reserve in South Africa.
Under the deal the shareholders of EAGC would receive one share of Bema in exchange for each share of EAGC.

The transaction is subject to regulatory and shareholder approval, as well as EAGC completing its acquisition of Golden Reefs Mines, formerly Petrex Pty Ltd, in South Africa.

According to Bema, the deal would enable the company to double its output.

(Bema Gold Corp statement, 07 Oct 2002; Globe and Mail (Toronto), 08 Oct 2002; National Post, 08 Oct 2002; Reuters, 07 Oct 2002.) African Mining Monitor includes paraphrased and abstracted material with the source, which is deemed to be reliable and duly identified.

(C)1998-2002 M2 COMMUNICATIONS LTD
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