<RENOUF CORP> TO PROCEED WITH BENEQUITY <BH> BID Renouf Corp of New Zealand said it has decided to proceed with its offer for all outstanding units of Benequity Holdings at 31 dlrs per unit. The company had been required to redice by March Two whether to proceed with the offer or terminate it, based on its ability to obtain financing and on its review of Benequity operations. The offer is to expire March 13.