FORM 4 U.S. Securities and Exchange Commission
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
X Check this box if no longer OMB APPROVAL
subject to Section 16. Form 4 or OME Number 3235-0287
Form 5 obligations may continue. Expires:April 30,1997
See Instruction 1(b). Estimated average
burden hours per
response .. 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act
of 1934. Section 17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Mason Matthew J.
(Last) (First) (Middle)
#860 - 625 Howe Street
(Street)
Vancouver, British Columbia Canada V6C 2T5
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Summo Minerals Corporation
3. IRS or Social Security Number of Reporting Persons
(Voluntary)
4. Statement for Month/Year
02/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all
applicable)
X Director 10% Owner
Officer (give title Other (specify
below) below)
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TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of 2. Transaction 3. Transaction
Security Date Code
Common Stock 02/02/97 X
Common Stock 02/03/97 S
Common Stock 02/14/97 P
Common Stock 02/18/97 P
Common Stock 02/18/97 P
Common Stock 02/18/97 P
Common Stock 02/18/97 P
Common Stock 02/18/97 P
Common Stock 02/18/97 P
4. Securities Acquired (A) or Disposed of (D)
Amount (A) or (D) Price
100,000 A $1.38 Canadian
50,000 D $1.50 Canadian
10,000 A $1.50 Canadian
3,000 A $1.50 Canadian
3,000 A $1.55 Canadian
3,000 A $1.50 Canadian
3,000 A $1.55 Canadian
3,000 A $1.50 Canadian
3,000 A $1.55 Canadian
5. Amount of Securities Beneficially Owned at End of Month
1,337,491
6. Ownership Form: Direct (D) or Indirect (I)
D&I
7. Nature of Indirect Beneficial Ownership
All of the foregoing transactions were in shares held
directly by Mr. Mason or by his retirement trust account.
TABLE II
DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
Warrants
2. Conversion or Exercise Price of Derivative Security
$1.38 Cdn
3. Transaction Date (Month/Day/Year)
02/02/97
4. Transaction Code
X
5. Number of Derivative Securities Acquired (A)
or Disposed of (D)
100,000 (D)
6. Date Exercisable: Expiration Date (Month/Day/Year)
02/02/97 02/02/97
7. Title and Amount of Underlying Securities
Common Stock 100,000 shares
8. Price of Derivative Security
9. Number of Derivative Securities Beneficially Owned at End of
Month
240,000
10. Ownership Form of Derivative Security:
Direct (D) or Indirect (I)
D&I
11. Nature of Indirect Beneficial Ownership
Explanation of Responses:
The foregoing warrants were included with private placement units
purchased on February 2, 1995 for $1.20 Canadian per unit.
/s/Matthew J. Mason March 10, 1997
Signature of Reporting Date
Person
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15
U.S.C. 78ff(a).
NOTE: File three copies of this Form, one of which must be
manually signed. If space provided is insufficient,
See Instruction 6 for procedure.
