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ASAMERA MINERALS SHAREHOLDERS APPROVE PRIVATIZATION

 ASAMERA MINERALS SHAREHOLDERS APPROVE PRIVATIZATION
 CALGARY, Alberta, July 17 /PRNewswire/ -- Shareholders of Asamera


Minerals Inc. (Toronto, Montreal: AUA) voted in favor of Asamera Inc.'s proposal to privatize the company at a special meeting of shareholders today in Calgary.
 Minority shareholders will receive Cdn $1.40 per common share under the terms of the offer. The effective date of the privatization is expected to be Aug. 1, 1992.
 Subsequent to the privatization, Asamera Inc., which is wholly owned by Gulf Canada Resources Limited of Calgary, will own 100 percent of the common shares of Asamera Minerals.
 -0- 7/17/92
 /CONTACT: Craig Langpap of Asamera Minerals Inc., 403-233-4341/
 (AUA.) CO: Asamera Minerals Inc. ST: Alberta IN: MNG SU:


CH -- LA011 -- 0287 07/17/92 13:34 EDT
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Publication:PR Newswire
Date:Jul 17, 1992
Words:127
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