Brascan Corporation Announces Debenture Issue.Business Editors TORONTO--(BUSINESS WIRE)--Dec. 7, 2001 Brascan Corporation (BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) : NYSE NYSE See: New York Stock Exchange , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ) announced today that it has arranged for a US$300 million issue of 8 1/8% debentures maturing December 15, 2008. The debentures will be issued under the Company's shelf prospectus filed on November 30, 2001 with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and the U.S. Securities and Exchange Commission. Terms of the offering will be described in a prospectus supplement to be filed shortly. Net proceeds received by the Company from this issuance will be used for general corporate purposes, including increasing its interests in its principal business units and the repayment of corporate debt. Brascan Corporation owns and operates real estate, power generating, financial and natural resource businesses, located principally in North and South America. The Company's goal is to build long-term shareholder value by creating sustainable cash flows generated from high quality assets and by continuously developing new opportunities for future growth. Brascan is listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol BNN. For more information, please visit our web site at www.brascancorp.com or contact the following individuals: Media: Robert J. Harding Chairman 416-363-9491 Investors and Financial Analysts: Richard Legault Katherine C. Vyse Senior Vice-President and Vice-President, Chief Financial Officer Investor Relations 416-956-5183 416-369-8246 |
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