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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: DennyKrane who wrote (9939)	8/13/1999 1:25:00 PM
From: DennyKrane	Read Replies (1) \| Respond to of 10482

Dow Jones Newswires -- August 13, 1999 Dow Jones Newswires Bema Boosts El Callao Stake To 45% In Debt Settlement VANCOUVER -- Bema Gold Corp. (BGO) said it has received 5 million common shares of El Callao Mining Corp. as payment of a C$750,000 debt. In a news release, Bema said it now holds 20,746,598 El Callao shares, representing about 45% of the shares outstanding. It said the 5 million shares are for investment purposes and to settle the debt. Bema Gold is the largest shareholder of El Callao and manages its affairs. El Callao explores for gold in Venezuela. The common shares of El Callao are listed for trading on the Vancouver Stock Exchange under the symbol "ECM." Bema Gold is a mining company. -Cheryl Kim; 416-306-2100