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The offering documentation, dated August 5, 2004, indicates that TRC has offered to purchase up to 12.5 million common shares of Bema Gold, representing approximately 3.5 percent of Bema Gold's outstanding share capital for a price of $2.90 per share in cash.Late Tuesday, Bema Gold released an announcement that pointedly told shareholders that the company was not endorsing their offer.
Thinkpad Bema Gold said drill results on its Kupol project were positive with new, high-grade veins discovered on the North and corresponding South slopes.
By Alan Fein Bema Gold Corporation urged shareholders to ignor a " tender" based TRC Capital. Bema Gold said it was 3.7% below the market when the stock was at $3.01. Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our mining poll too! Print This Page Aug 25, 2004 (AXcess News) Bema Gold Corporation ( BGO) urged shareholders to ignor a " tender" based TRC Capital. Bema Gold said it was 3.7% below the market when the stock was at $3.01.
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Laptop Computers Sept 23, 2004 (AXcess News/SP) Vancouver BC - Bema Gold Corporation (TSX" BGO, AMEX: BGO, AIM: BAU) released further drilling results from the 2004 Kupol project exploration and feasibility drilling program.The Kupol project is a joint venture between Bema and the government of Chukotka. Bema has the option to earn a 75% interest in the property from the Government.The company said that drilling is ongoing at Kupol. The current plan is to complete infill drilling in early October and apply all seven drill rigs to exploration for the month of October, focusing on the newly discovered vein to the South, the North and North Extension Zone and parallel veins. Three drill rigs will continue exploration drilling through the end of November.
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Laptop Computer The Big Bend drilling results came in with dramatically high gold and silver deposits per ton, ranging from 25 g/t to as high as 184 g/t of gold and 101 g/t to as high as 1,493 g/t of silver.Bema had touted the Big Bend claims in an announcement released August 12th, anticipating bonanza grades. Thursday's announcement backed the company's early-on estimates.
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Desktop Computer Seven hundred metres of the Big Bend and South Zone have been exposed along strike on surface through trenching. Samples have been taken across the vein every 5 metres. Results again indicate strong grade continuity.AdvertisementBema Gold (AMEX: BGO) share price shot up 28 cents, or 11.29%, with last trade at $2.76 at 3:00pm ET Thursday.Direct competitors shares were also up, fueled by gold futures closing at $412, a new 30-day high. Barrick Gold (NYSE: ABX), up 9 cents at $19.95; Newmont Mining (NYSE: NEM) up 41 cents at $42.63; and, Placer Dome (NYSE: PDG) up 27 cents at $18.15.
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