Bema looks to increase stake in Arizona Star

Dec 21, 2004 | 10:01 AM | Julie Bresnick

Bema Gold Corp., Vancouver, British Columbia, is looking to add to its 5-percent stake in Arizona Star Resources Corp. by making a stock swap offer to the Vancouver-based exploration company's shareholders.

The offer, 1.85 shares of Bema for every single share of Arizona Star, represents a 33-percent premium over Arizona Star's share price, according to Bema.....

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