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CAMBIEX ANNOUNCES ITS 1995 FIRST QUARTER RESULTS.


MONTREAL--(BUSINESS WIRE)--May 17, 1995--CAMBIEX EXPLORATION (ME, TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: CBX (Computerized Branch eXchange) Same as PBX. ,CBX.WT) For the three-month period ended March 31, 1995, the Company generated a loss of $37,678 compared to a loss of $78,551 for the same period in 1994. Interest income totalled $60,850 and administrative and exploration costs were $98,528 compared to $6,302 and $84,853 respectively for the same period last year.

During the first quarter, investments on capitalized exploration projects amounted to $716,664. At March 31, 1995, the total assets stand at $17,896,557 including cash balance of $3,203,586.

Cambiex is an exploration company with interests in fifteen (15) properties in North and South America. Cambiex securities trade on the Montreal and Toronto stock exchanges Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 under the symbols CBX and CBX.WT.

CONTACT: Robert LaValliere

514/878-3166

INDUSTRY KEYWORD: MINING REPEATS: New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 212-575-8822 or 800-221-2462; Boston 617-330-5311 or

80
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:May 17, 1995
Words:151
Previous Article:Jan Bell files Form 10-K.
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