Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: IngotWeTrust who wrote (395)	10/23/1996 8:54:00 AM
From: allan tordorf	of 10482

Thought you might be interested in this article ! This is what was posted in The Financial Post this morning. VICTORIA PLACEMENT VANCOUVER- VICTORIA PLACEMENT CORP. (VIT/VSE) has completed a private placement of two million units at 50 cents each to BEMA GOLD CORP. for gross proceeds of $1 million. Each unit consists of one common share and one-half of a non-transferable share-purchase warrant. Each whole warrant entitles Bema to purchase an additional common share for two years at 50 cents for first year and 58 cents thereafter. Proceeds will be used for general working capital and to fund exploration projects. Bema now holds 4.81 million common shares of Victoria, representing 52.7% of the company's issued and outstanding common shares.Bema also holds warrants to acquire one million common shares which, if exercised, would result in Bema holding 57.4% of the Company. What are your views on this transaction? They seem to be buying up alot of smaller exploration companys. Excuse me my knowledge of gold stocks are so so .Here are some of the gold stocks that I hold (BGO,CLL,DAK) had (Bre-x made some and lost some bought Birim but sold at a loss. Still hopeing that BGO and Cll make it for me! Good Luck

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