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RICHLODE INVESTMENTS CORP. COMPLETES A REVERSE TAKEOVER

 VANCOUVER, B.C., July 27 /PRNewswire/ -- Richlode Investments Corp. (Vancouver: RLI) resumed trading this morning at the opening upon completion of a reverse take-over. The company trades under the symbol "RLI" and is classified as a "VENTURE" company.
 With its head office based in Vancouver, Richlode Investments has assets in the state of Washington, U.S., and the Yukon Territory. The company has recently acquired a full-facility hotel in the city of Whitehorse, Y.T. Following its recent acquisition the company, as well as being involved in the mining and exploration of natural resource properties, is now involved in the hospitality industry.
 The company has completed a private placement of 1,500,000 units at a price of $0.15 per unit. The units are composed of one share plus one share purchase warrant to purchase an additional share at a price of $0.30 per share until July 1, 1994.
 The company's capitalization is 100 million shares with no par value of which 13,797,548 are issued and outstanding. Pacific International Securities Inc. is the sponsoring member, and Montreal Trust Co. is acting as the company's transfer agent.
 For further information, refer to the company's filing statement dated May 17, 1993.
 RICHLODE INVESTMENTS CORP.
 Raymond E.C. Richards
 President
 602 - 2695 Granville Street
 Vancouver, B.C. V6H 3H4
 604-731-9069
 (X) AMENDMENT for New Listings Bulletin No.20 July 23, 1993: the bulletin should have read that Southwestern Gold Corp. is a Senior Board company in the Resource section rather than a Venture company.
 -0- 07/27/93
 /CONTACT: David A. Laundy of Vancouver Stock Exchange, 604-689-3334/
 (RLI.)


CO: Richlode Investments Corp.; Vancouver Stock Exchange ST: British Columbia IN: SU:

LS -- LA038 -- 6332 07/27/93 14:43 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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