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2847906 Canada Inc. Buys 800,000 Common Shares of Amtelecom Group Inc. in Public Offering.


WOODSTOCK Woodstock, cities, United States
Woodstock.

1 City (1990 pop. 14,353) seat of McHenry co., NE Ill.; inc. 1845. Its manufactures include business machinery, metal products, and dairy items.

2 Town (1990 pop. 1,870), Ulster co.
, Ontario--(BUSINESS WIRE)--Feb. 22, 1996--AMTELECOM GROUP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
.(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: ATM) On February February: see month.  20, 1996, 2847906 Canada Inc., a corporation controlled by Mr. Douglas W. Millard, acquired 800,000 common shares in the capital of Amtelecom Group Inc. ("Amtelecom") on the closing of Ametelecom's recent public offering pursuant to its prospectus dated December 5, 1995.

The shares were acquired for investment purposes. This purchase increases to 2,800,000 the number of common shares held by 2847906 Canada Inc., representing 29.74 percent of Amtelecom's issued and outstanding common shares. 2847906 Canada Inc. has no current intention to increase its holdings in Ametelecom.

CONTACT: 2847906 Canada Inc.

Mr. Douglas W. Millard, 519/537-3434
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 26, 1996
Words:113
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