LEADER &lt;LDCO> BUYS PETROSURANCE STAKE

  Leader Development Corp said it
  has purchased 300,000 shares of convertible preferred stock in
  &lt;Petrosurance Inc> for 1,500,000 dlrs in cash and real estate.
      Petrosurance specializes in property and casualty insurance
  for the oil industry.
      Leader said the stock is convertible into a Petrosurance
  common. Leader said it already owns 12.5 pct of Petrorusrance
  and conversion would give it about 45.0 pct.
      The company said Petrosurance will use the sale proceeds to
  support growth and improve the structure of its reinsurance
  treaties to retain a larger part of premiums written.
  

