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GULF SETS MAY DIVIDEND RATE FOR SERIES 1 PREFERENCE SHARES

 GULF SETS MAY DIVIDEND RATE FOR SERIES 1 PREFERENCE SHARES
 CALGARY, Alberta, June 1 /PRNewswire/ -- Gulf Canada Resources Ltd. (AMEX: GOU, Toronto, Montreal, Vancouver: GOU) today announced that the May 1992 dividend rate for its fixed/adjustable rate senior preference shares, series 1, has been calculated at $0.026 per share. The dividend is payable on June 12, 1992, to shareholders of record at the close of business on May 29, 1992.
 -0- 6/1/92
 /CONTACT: Craig Langpap of Gulf Canada Resources, 403-233-4341/
 (GOU.) CO: Gulf Canada Resources Ltd. ST: Alberta IN: OIL SU: DIV


KJ -- LA028 -- 5892 06/01/92 16:41 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
Words:105
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