LOUVEM PLANS OPTION TO BUY BACK OWN SHARES
<Societe Miniere Louvem Inc> said its
board of directors has offered to buy an option to buy back its
owns shares from provincially-owned SOQUEM, its major
shareholder.
    Louvem said the option to buy the 3.1 mln shares would be
valid until December 15 at a purchase price of 3.15 dlrs a
share. Louvem said it could exercise the option for itself or 
for a third party.
    The company said SOQUEM is considering the offer.
 Reuter
