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INTERNATIONAL VERONEX RESOURCES LTD. REPORTS RESULTS

 VANCOUVER, British Columbia, Oct. 15 /PRNewswire/ -- International Veronex Resources Ltd. today reported net losses of $267,000 ($0.13 per share) and $441,000 ($0.24 per share) for the six months ended Aug. 31, 1993 and 1992, respectively.
 The net increase of $117,000 in income from investing activities during the six months ended Aug. 31, 1993, was a result of sales from the company's investment portfolio. No such sales were made during the six months ended Aug. 31, 1992.
 As of Aug. 31, 1993, the company had a working capital deficiency of $1,849,000.
 International Veronex Resources Ltd. is an internationally diversified natural resource company with commercial oil production interest in Indonesia and gold exploration and development interest in Canada.
 The Vancouver Stock Exchange has neither approved nor disapproved this news release.
 -0- 10/15/93
 /CONTACT: David Wooldridge of International Veronex Resources Ltd., 310-861-0383/


CO: International Veronex Resources Ltd. ST: British Columbia IN: OIL MNG SU: ERN

CK-LD -- NY093 -- 3012 10/15/93 19:31 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
Words:170
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