BROWNSTONE INVESTMENT INC. - ANNOUNCEMENT.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--MAY 10, 1995--BROWNSTONE INVESTMENT(CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : BWNI ) Brownstone brownstone, red to brown variety of sandstone. Its unusual color is caused in some instances by the presence of red iron oxide which acts as a cement, binding the sand grains together. Investment Inc., (the "Company"), wishes to announce that its board of directors has approved an amendment to its offer and take-over bid for all of the outstanding common shares of Sumtra Diversified diversified (di·verˑ·s Inc. ("Sumtra") whereby one (1) Brownstone common share is offered in exchange for four (4) Sumtra common shares. Originally the Company had offered one (1) Brownstone common share in exchange for, each seven (7) Sumtra common shares. An aggregate of approximately 670,364 common shares of the Company will be issued to Sumtra shareholders if the take-over bid, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , is successful as to 100% of the issued and outstanding Sumtra shares. The Company's offer to Sumtra shareholders has also been extended to June 15, 1995, unless withdrawn earlier or extended. A form of notice of variation and change in respect to the amendment to the offer and take-over bid will shortly be mailed to Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. resident Sumtra shareholders. Brownstone Investment Inc. is an investment company which invests in natural resources as well as in the field of genetic technology. The common shares of Brownstone Investment Inc. trade over the counter and trades are quoted by the Canadian Dealing Network under the symbol "BWNI". CONTACT: Glen Erikson, Vice-President, (416) 363-3900. |
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