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BEMA GOLD CORP. AND ARIZONA STAR RESOURCE - JOINT NEWS RELEASE.


VANCOUVER, B.C.--(BUSINESS WIRE)--June 27, 1995--Arizona Star Resource Corp. ("Arizona Star") and Bema Gold Corporation ("Bema Gold") announce that Arizona Star will issue shares for debt to Bema Gold. Arizona Star will issue, subject to VSE See DOS/VSE.

VSE - Virtual Storage Extended
 approval, 1,910,905, common shares at a deemed price of $0.55 as repayment of $1,050,997.75 owed to Bema Gold.

BEMA GOLD CORPORATION Clive T. Johnson C.E.O, Chairman & President

ARIZONA STAR RESOURCE CORP. Christine Fowler Secretary -0- The Vancouver and Toronto Stock Exchanges neither approves nor disapproves the information contained in this News Release. Bema Gold Corporation trades on the Vancouver, Toronto and American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
, symbol - BGO BGO Bismuth Germanate
BGO Baguio City (Philippines)
BGO Blinding Glimpse of the Obvious
BGO Bergen, Norway - Flesland (Airport Code)
BGO Blue and Gold Officer (United States Naval Academy) 
. Arizona Star Resource Corp. trades on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE)

A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.


Vancouver Stock Exchange

See Canadian Venture Exchange (CDNX).
, symbol - AZS AZS Alumina-Zirconia-Silica
AZS Akademicki Zwiazek Sportowy (Polish: Academic Sports Association)
AZS Automatic Zero Set
AZS Azerbaijan Standard
AZS Samana International Airport, Dominican Republic (airport code) 
.

CONTACT: BEMA GOLD CORPORATION

Clive T. Johnson

C.E.O, Chairman & President

OR

ARIZONA STAR RESOURCE CORP.

Christine Fowler, Secretary

604/681-8371
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 27, 1995
Words:146
Previous Article:Kansas City Southern Industries Inc. announces continuation of stock repurchase program.
Next Article:FLOTEK INDUSTRIES - FINANCIAL RESULTS FOR THE QUARTER ENDED MAY 31, 1995.
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