Bennett Environmental Announces Exercise of Options.VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 5, 1996-- BENNETT ENVIRONMENTA (ME BEV.) Bennett Environmental Bennett Environmental TSX: BEV AMEX: BEL is a Canadian company based in Oakville, Ontario. It specializes in the recovering of soils contaminated with chlorinated hydrocarbons, including PCB's and PCP's, Dioxins and Furans. Inc., (BEI Bei (pā, bā), river, c.200 mi (320 km) long, formed by the union of two headstreams in the Nanling Mts., N Guangdong prov., S China. It flows S into the Xi River, E of Guangzhou, to form the Pearl River delta. ), is pleased to announce that gestion EnviroCapital Inc., has converted its interest in Recupere Sol Inc. (RSI (Repetitive Strain Injury) Ailments of the hands, neck, back and eyes due to computer use. The remedy for RSI is frequent breaks which should include stretching or yoga postures. ), into BEI shares at $2.29 per shares, for a total of 218,340 shares. Societe SOCCRENT, and Societe Innovatech, the other minority shareholders in RSI, have also agreed to exercise their option to convert their interest in RSI into shares of BEI at a price of $2.29. After the conversion by SOCCRENT and Innovatech, BEI will have as shareholders, representatives from Labour, Government and Private Capital: Gestion EnviroCapital representing Lafond, a major Quebec pension fund, Societe SOCCRENT representing the major industrial enterprises in the Saguenay valley, and the Government of Quebec represented by Innovatech. The Company is engaged in the operation, development and manufacture of thermal treatment Thermal treatment is a term given to any waste treatment technology that involves high temperatures in the processing of the waste feedstock. This commonly, although not exclusively involves the combustion of waste materials. technology and equipment for the remediation of waste hydrocarbons and hazardous chemicals. The Company's first owned and operated facility in St. Ambroise Quebec, was opened on September 13, 1996. Bennett's proprietary technology has been approved by the Ministry of Environment in Quebec, Alberta British Columbia and Alaska. The Company's thermal oxidizers have been sold in Alberta, Alaska and the Caribbean (Aruba). The Company holds the only thermal waste remediation permits for treatment of contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. soils in Quebec and British Columbia. In addition, the Company has the only permit for a secure land fill in British Columbia. These are the only such permits granted to date. Bennett Environmental Inc., is listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg (BEV). CONTACT: Bennett Environmental Inc. Feisal A. Dedhar, 604/ 681-8828 |
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