$10,000,000.00 Offering Common Share Issue: Environmental Reclamation Inc. Files Final Prospectus for TSE Listing.TORONTO--(BUSINESS WIRE)--June 22, 1998--Environmental Reclamation Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :EVM) is pleased to announce that it has completed the issue and sale today of 5,000,000 common shares for gross proceeds of $10,000,0000 to the Company. The transaction was completed pursuant to a final prospectus dated June 11, 1998 previously filed with securities regulators in the provinces of Ontario, Manitoba, Alberta and British Colombia. Groome Capital Inc. acted as agent for the Company. Trading of Environmental Reclamation Inc. common shares has been approved for listing on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSE) and will be posted for trading at the opening on Monday, June 22nd, 1998. Environmental Reclamation Inc.'s shares will trade under the symbol "EVM". Environmental Reclamation Inc. provides environmental, hazardous substance handling, engineering and construction services to mining companies, utilities, Superfund sites, and public agencies. With strong long-term contracts inplace, sustained revenue growth and profitability since 1994 and a growing market, the Company enjoys a growing list of major clients which include ASARCO, ARCO, the Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and (EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. ), the Drug Enforcement Agency (DEA DEA - Data Encryption Algorithm ), the US Department of Land Management, the States of Idaho and Montana, Union Pacific Railroad Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr. and the US Army Corps of Engineers. The Company has offices in Smelterville and Boise, Idaho; Butte, Montana; Elko, Nevada; Portland, Oregon, Glasgow, Scotland; and Toronto, Ontario.
CONTACT: Environmental Reclamation Inc.
Chris J. Osborne-Moss, 208/786-4300
or
CGE Communication Group
Thomas J. Lefebvre, 514/987-1455
E-mail: cge@cgecom.com
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