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AABBAX INTERNATIONAL FINANCIAL CORP. ANNOUNCES CLOSING DATE EXTENDED

 CALGARY, Alberta, May 18 /PRNewswire/ -- Lawrence G. Ryckman, president of the company, reports that the closing date of Aabbax's previously announced agreement to purchase up to four diamond and gold placer mining concessions in Africa has been extended to June 30, 1993, to enable Aabbax to satisfactorily complete its due diligence.
 Aabbax has engaged the services of independent legal, geological and accounting consultants to assist in the due diligence currently underway in Africa. The purchase agreement is subject to regulatory approval and satisfactory completion of due diligence by Aabbax.
 The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy of the release.
 -0- 5/18/93
 /CONTACT: Lawrence Ryckman of Aabbax International Financial, 403-234-7157/
 (AXF.)


CO: Aabbax International Financial Corp. ST: Alberta IN: MNG SU:

MS -- LA031 -- 0035 05/18/93 18:29 EDT
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Publication:PR Newswire
Date:May 18, 1993
Words:139
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