Brascan Corporation Announces Purchase Of Additional Shares Of Nexfor.Business & Technology Editors TORONTO, Ontario--(BUSINESS WIRE)--Aug. 28, 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 purchased an additional 2,850,000 common shares of Nexfor Inc. during August through two normal course purchases on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , representing 2.0% of the outstanding common shares of Nexfor. Nexfor is a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. producer of building products and specialty papers and the leading producer of wood-based panel products in the United Kingdom. Including purchases totalling 3,676,700 common shares made during the first half of 2001, Brascan has acquired a total of 6,526,700 common shares of Nexfor during the current year, representing approximately 4.6% of the outstanding common shares of Nexfor. These purchases were made for investment purposes. Brascan now owns 53,930,674 Nexfor common shares, representing 38.3% of its outstanding common shares. Brascan Corporation is an investment and financial services company with a goal of earning a 20% total return on equity while investing in high quality assets which generate sustainable cash flows and capital increases in value. Brascan owns real estate, hydro power generation, financial services and mining and refining assets throughout North and South America. Brascan is listed on the Toronto and New York Stock Exchanges 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: |
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