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To: AugustWest who wrote (5170)	10/7/2002 10:18:04 AM
From: AugustWest	Respond to of 57110

(COMTEX) B: DJ. Bema/EAGC Merger -2:Sees Annual Cash Costs US$135/Oz >BG B: DJ. Bema/EAGC Merger -2:Sees Annual Cash Costs US$135/Oz >BGO VANCOUVER, Oct 07, 2002 (ODJ Select via COMTEX) -- (Dow Jones)--Bema Gold Corp. (BGO) and EAGC Ventures Corp. (V.YEV) have agreed to merge, with shareholders of EAGC receiving one share of Bema for each share held. In a news release, Bema said the merger is subject to regulatory approval, EAGC shareholder approval and EAGC's completion of the acquisition of Petrex (Proprietary) Ltd. Bema said the merger will increase its projected annual production to about 315,000 ounces of gold a year, with projected operating cash costs of about US$135 an ounce. Bema said its reserves and resources will be about 2.8 million ounces of gold reserves and about 11 million ounces of resources. Company Web Site: bema.com (MORE) Dow Jones Newswires 07-10-02 1413GMT DJ info: N/DJCS,N/DJWI,N/CAC,N/CNW,N/DJOS,N/DJXx,N/DJYY,N/GPC,N/PCS,N/TNM,N/WEI (C) Copyright 2002 ODJ -0- KEYWORD: VANCOUVER SUBJECT CODE: METALS FINANCIAL GENERAL STOCKS * end of story *