GRANGES <GXL> FILES FOR STOCK OFFERING
Granges Exploration
LTD, a mining company, said it filed with the Securities and
Exchange Commission for a proposed publioffering of 2,500,000
shares of its common.
    PaineWebber Inc and Drexel Burnham Lambert Inc will be
co-managers of the underwriting group.
    Granges said it intends to use proceeds for general
corporate purposes.
 Reuter
