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MERCER INTERNATIONAL INC. BONDS TO TRADE ON VSE

 VANCOUVER, Feb. 15 /PRNewswire/ -- Mercer International Inc. Bonds with warrants attached were posted and called for trading on the Vancouver Stock Exchange this morning at the opening.
 Washington-based Mercer International Inc. (formerly on the VSE as Asiamerica Equities Ltd. and currently listed on NASDAQ), is classified as part
of the Exchange's Senior Board in the Commercial/Industrial'' section, is
considered Exempt'' by the rules of the Exchange, and will trade under the
symbol MRI.U''.
 The company is engaged in various aspects of four primary industry segments: natural resources (sublease and royalty arrangements with the operators of the Wabush Mine), insurance (writing property and liability insurance policies), real estate and financial and acquisition services (providing merger, acquisition, consulting services and interim financing to companies).
 The U.S. $12,840,000 Series 1, 6 per cent Subordinated bonds maturing Dec. 31, 1997 will trade exclusively on the VSE.
 The annual interest rates on the U.S. bonds will accrue from Dec. 31, 1992 and is payable annually on Sept. 30 of each year commencing Sept. 30, 1993.
 Payments of interest on each Bond will be made in U.S. dollars, Record Date'' will be 15 days prior to pay date and the cheques will be mailed to bondholders for interest in U.S. Funds.
 Each Series 1 Bond has attached 120 share purchase warrants for each U.S. $1,000 principal amount (the warrants will not trade). One warrant entitles the holder to purchase one common share at a price of U.S. $8.25 before Dec. 31, 1993 and increasing by U.S. $0.50 per share per year thereafter, expiring Dec. 31, 1997.
 To exercise the warrants, the bond holder must exercise all of the warrants attached to the bond and surrender the bond and warrants to the trustee. The bond holder is entitled to a replacement bond with identical terms of the bond surrendered, except that the warrants attached to the bonds surrendered will be deleted. The bonds may be redeemed at the option of the issuer in whole upon 30 days' prior written notice to the Trustee.
 The bonds will trade in a board lot size of U.S. $1,000 face value (principle amount) or multiples of U.S. $1,000 represented by a volume of one. The price will be quoted at a par value of $100 ie. one bond with face value of U.S. $1.000 is bought for U.S. $1,150. Quotations will be reported as a volume of one - price as $115. Spreads will be the same as for equities, ie. shown in 1/8's.
 Yorkton Securities Inc. is the sponsoring member for Mercer International, and Montreal Trust Company is the company's transfer agent.
 For further information, please refer to the company's application for Listing dated February 5, 1993.
 Mercer International Inc.
 Jimmy S.H. Lee
 President
 1250 - 400 Burrard Street
 Vancouver, BC
 V6C 3A6
 (604) 683-8286
 Note:Fact Sheet is available from Public Affairs department. Please contact Alisonat (604) 689-3334 local 2296.
 -0- 02/15/93
 /CONTACT: David A. Laundy, Vancouver Stock Exchange 604-689-3334/
 (MRI)


CO: Mercer International Inc. ST: Washington IN: SU:

16:17 -- NY032 -- 6601 02/15/93 16:34 EST
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Date:Feb 15, 1993
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