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Cambior - Closing of the transaction for the Mobrun Mine; Royalty and Audrey shares.


MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. , Quebec--(BUSINESS WIRE)--Dec. 22, 1994--Cambior Inc. ("Cambior Cambior Inc. was a Canadian based international gold producer with operations, development projects and exploration activities in the Americas. Cambior’s shares traded on the Toronto (TSX) and American (AMEX) stock exchanges under the symbol “CBJ”. ") announces that the closing of the transaction with Metall Mining Corporation ("Metall") with respect to the purchase by Cambior of (i) the 4% net smelter return royalty on production from the Mobrun Mine, and (ii) the 1,250,000 common shares of Audrey Audrey

awkward rural wench who jilts a countryman for a clown. [Br. Drama: Shakespeare As You Like It]

See : Rusticity
 Resources Inc. ("Audrey") held by Metall, took place today.

The purchase price for the royalty is Cdn $11,000,000, of which a first installment of Cdn $3,000,000 was made today. The purchase price of Cdn $1,375,000, being $1.10 per share, for the above mentioned share purchase, was entirely paid today. All documentation evidencing the transaction was duly executed.

Cambior's participation in the share capital of Audrey increased from 72.3% to 75% of the outstanding common shares of Audrey.

CONTACT: Cambior, Montreal

Robert Robert, Henry Martyn 1837-1923.

American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876).

Noun 1.
 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
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Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 22, 1994
Words:157
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