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LEWIS INC. ACQUIRES 600,000 SHARES OF CHANCE MINING AND EXPLORATION

TORONTO, March 8 /PRNewswire/ -- Lewis Inc., a Cayman Island company, announced today that it has acquired ownership of 600,000 common shares of Chance Mining and Exploration Company Limited ("Chance") (Toronto: CHMG). As a result of such acquisition, Lewis owns or exercises control or direction over 600,000 shares of Chance, representing approximately 18.3% of the 3,277,530 shares outstanding (based on publicly available information as to the number of shares outstanding). The shares were acquired by Lewis in a privately negotiated transaction pursuant to a purchase agreement dated March 5, 1996 between Lewis and Conwest Exploration Company Limited (Toronto: CEX.A CEX.B). Lewis purchased the shares for the purpose of investment and it has no present intention to increase its beneficial ownership of or control or direction over shares of Chance.
 -0- 3/8/96


/CONTACT: Mr. D.S. MacLeod of Lewis, 011-44-19-97-466-233/

(CHMG. CEX.)

CO: Chance Mining and Exploration Company Limited; Conwest Exploration

Company Limited; Lewis Inc. ST: Ontario IN: MNG SU:

SC -- DEF023 -- 1697 03/08/96 16:05 EST
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Publication:PR Newswire
Date:Mar 8, 1996
Words:176
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