Cambior Inc. - situation at Omai - update.MONTREAL, Quebec--(BUSINESS WIRE)--Sept. 27, 1995-- This press release provides an outline of the update on the situation at the Omai Mine in Guyana included in the Notice of Extension and Variation, relating to Cambior's takeover bid for Audrey Resources Inc. Cambior confirmed that work continues with a view to resuming commercial production at the Omai Mine following an important failure in the main section of the tailings dam at the mine on August 19, 1995. Cambior currently believes that commercial production at the Omai Mine could resume in December 1995. Omai Gold Mines Limited has received a number of civil claims. Omai Gold Mines Limited, at this point in time, has made payments totalling less than $10,000 to settle certain third party claims. Cambior does not believe that any of the currently pending legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. will yield adverse material consequences for Omai Gold Mines Limited or Cambior. Cambior is a major gold producer with operating and exploration activities in North and South America. Cambior's shares and warrants are listed on the Montreal and Toronto stock exchanges and on the 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. (AMEX AMEX See: American Stock Exchange ) in the United States under the symbols CBJ CBJ Columbus Blue Jackets (NHL team) CBJ Central Bank of Jordan CBJ Conflict-Directed Backjumping CBJ Circuit Board Jack CBJ Code-Breakers Journal CBJ Class Broker for Java CBJ Color Bubble Jet and CBJ.WTA WTA Washington Trails Association WTA Women's Tennis Association WTA World Transhumanist Association WTA Willingness to Accept WTA Winner-Take-All WTA Winner Takes All WTA World Toilet Association (Singapore) . CONTACT: Henry A. Roy 514/878-1484 or Robert LaValliere 514/878-1282 or Victoria Putnam 514/878-3166 |
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