CANAMAX TO ACQUIRE KREZMAR GOLD PROPERTY STAKE

  &lt;Canamax Resources Inc> said it agreed
  to acquire the 50 pct interest it does not already own in the
  Krezmar gold property, near Wawa, Ontario, by paying nine mln
  dlrs to &lt;Algoma Steel Corp Ltd> and granting Algoma a four pct
  net smelter return royalty, which is payable after payback.
      The property's drill indicated reserves to a depth of 1,200
  feet are estimated at over one mln tons averaging 0.25 ounces
  of gold a ton, Canamax said.
  

