Brascan Files Preliminary Shelf Debt Prospectus.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 24, 2001 Brascan Corporation (BNN: 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). ) today announced that it has filed with the securities commissions in each province of Canada For other uses, see Provinces and territories of Canada and Ecclesiastical Province of Canada. The Province of Canada or the United Province of Canada was a in North America from 1841 to 1867. a preliminary short-form shelf prospectus which provides for the issuance of debt securities in an aggregate principal amount of up to US$500 million, over the 25-month effective life of the shelf. The 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, natural resource and financial 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 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: |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion