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LAC MINERALS LTD. ANNOUNCES INCREASED FINANCING

 LAC MINERALS LTD. ANNOUNCES INCREASED FINANCING
 TORONTO, Oct. 13 /PRNewswire/ -- LAC Minerals Ltd. (NYSE: LAC)


announced today that it has increased an existing $US70 million five- year loan arrangement by $US100 million with a syndicate of Canadian and international banks led by N.M. Rothschild and Sons Ltd. The new loan, in the amount of $US170 million, will mature in October 1997.
 The incremental funds will be used for general corporate purposes and for acquisition activities.
 -0- 10/13/92 R
 /CONTACT: John W. Pearson, manager - investor relations of LAC Minerals, 416-777-2379/
 (LAC) CO: LAC Minerals Ltd. ST: Ontario IN: MNG SU: FNC


GK -- NY075 -- 9511 10/13/92 16:43 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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