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Bema Gold Corporation and El Callao Mining Corp. make announcement.


VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Sept. 3, 1996--El Callao Mining Corp. ("El Callao") and Bema Gold Corporation ("Bema Gold") announce that El Callao Mining has issued for debt to Bema Gold as previously announced on June 18, 1996. El Callao Mining has issued 643,486 common shares at a deemed price of $1.20 as repayment of $772,183.42 owed to Bema Gold. -0- BEMA GOLD CORPORATION Clive T. Johnson Chairman, C.E.O. and President EL CALLAO MINING CORP. Mark Corra V.P. Finance -0-

NOTE TO EDITORS: The Toronto or Vancouver stock exchanges 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).
 neither approve nor disapprove of the information contained in this News Release. Bema Gold Corporation trades on the Vancouver, Toronto and American stock exchanges This is a list of American stock exchanges. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term Bolsa de Valores, meaning 'bag' or 'purse' of 'values'. . 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) 
  El Callao Mining Corp. trades on the Vancouver Stock Exchange. Symbol - ECM (1) (Enterprise Change Management) See version control and configuration management.

(2) (Error Correcting Mode) A Group 3 fax capability that can test for errors within a row of pixels and request retransmission.
.

CONTACT: Bema Gold Corporation

John Anderson, 604/681-8371
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 3, 1996
Words:142
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