Altai Resources announces sale of Menora Resources Inc. common shares.

TORONTO--(BUSINESS WIRE)--Aug. 16, 1995--Altai Resources Inc. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE). , ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. ) is pleased to announce that the option it has given to certain parties to buy its 5,480,952 common shares of Menora Menora may refer to:

Menorah, a seven-branched candelabrum that is one of the oldest symbols of the Jewish people
Menora, Western Australia, suburb of Perth

Resources Inc. (ME, MEN) has now been exercised with the final settlement to take place on Friday Friday: see Sabbath; week.

Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant , August 18, 1995. Altai intends to use the gross proceeds of C$1,370,000 from this transaction to further develop its projects in Peru and Turkey and for general corporate purposes.

Altai intends to release its activity update towards the end of September, 1995.

CONTACT: Altai Resources Inc.

Niyazi Kacira, 416/869-1338

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Publication:	Business Wire
Date:	Aug 16, 1995
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