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GULF SETS DECEMBER DIVIDEND RATE FOR SERIES 1 PREFERENCE SHARES

 CALGARY, Alberta, Jan. 4 /PRNewswire/ -- Gulf Canada Resources Ltd. (AMEX: GOU, Toronto, Montreal, Vancouver: GOU) today announced that the December 1992 dividend rate for its fixed/adjustable-rate senior preference shares, series 1, has been calculated at $0.027 per share. The dividend is payable on Jan. 12, 1993, to shareholders of record at the close of business on Dec. 31, 1992.
 -0- 1/4/93
 /CONTACT: Craig Langpap, manager-Investor Relations of Gulf Canada Resources, 403-233-4341/
 (GOU)


CO: Gulf Canada Resources Ltd. ST: Alberta IN: OIL SU: DIV

BP-MS -- LA014 -- 1343 01/04/93 13:31 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:96
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