Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ECM.VSE - El Callao Mining. -- Ignore unavailable to you. Want to Upgrade?

To: grampa who wrote (1243)	9/13/2000 5:42:52 PM
From: Lalit Jain	Respond to of 1253

El Callao Mining Corp. VANCOUVER, Sept. 13 /CNW/ - El Callao Mining Corporation ("El Callao") has been informed that agreements have been entered into between Bema Gold Corporation ("Bema") and Crystallex International Corporation ("Crystallex"), whereby Bema will sell its 45% controlling interest in El Callao to Crystallex. Subject to regulatory approval, Crystallex has also agreed to make a takeover offer for the remaining publicly traded shares of El Callao. Crystallex's proposed takeover bid for all the publicly traded shares of El Callao is based on a share exchange ratio of 15 El Callao shares for each Crystallex common share received. Bema has entered into a "lock-up" agreement whereby Bema will tender its approximately 20.7 million El Callao shares. Once a formal takeover offer has been made, the board of directors of El Callao will review the offer and respond accordingly. On Behalf of EL CALLAO MINING CORPORATION "Clive Johnson" President The Canadian Venture Exchange neither approves nor disapproves the information contained in this News Release. El Callao Mining Corporation trades on The Canadian Venture Exchange. Symbol: ECM. %SEDAR: 00006063E