Brimm Energy Corp. lists its Series 1 preferred shares.VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 20, 1995-- Effective at 10:00 this morning, Brimm Energy Corp. began trading its Series 1 Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . The company, exclusively listed on VSE See DOS/VSE. VSE - Virtual Storage Extended , is classified as a Senior Board company in the "Commercial/Industrial" section and trades its preferred shares under the symbol "BMM BMM Baptist Mid Missions BMm Bachelor of Multimedia BMM Bachelor of Mass Media BMM Borrowed Military Manpower BMM Brigade Mixte Mobile (Mixed Mobile Brigade, Cameroon) BMM Broadcast-Based Multimedia BMM Bit Map Memory .PR.A". Through its subsidiaries, Brimm Energy Inc. and Wyoming Ethanol, the company is engaged in the production and distribution of fuel-grade ethanol. Wyoming Ethanol, incorporated in the State of Wyoming, is in the process of establishing ethanol production facilities and Montana-based Brimm Energy Inc. is engaged in the business of distributing fuel-grade ethanol as a gasoline additive Gasoline additives increase gasoline's octane rating or act as corrosion inhibitors or lubricators, thus allowing the use of higher compression ratios for greater efficiency and power, however some carry heavy environmental risks. . Brimm Energy has now completed its initial distribution of Series 1 Preferred shares to the public. The total gross proceeds received by the company were $1,221,201 (407,067 shares at $3 per share). The company has created 3 million Series 1 cumulative redeemable convertible preferred shares of which 1,198,598 are currently issued and outstanding. Brink Hudson & Lefever Ltd. is the sponsoring member and Pacific Corporate Trust is the transfer agent. For further information, please refer to the company's SMF (1) (Standard Messaging Format) An electronic mail format for Novell's MHS messaging system. The application puts the data into this format in order to send an e-mail message. dated Dec. 21, 1994. -0- Brimm Energy Corp. Daniel Brimm, Chief Executive Officer Suite 755 - 1130 West Pender Street Vancouver, B.C. V6E 4A4 Phone: 604/684-4830 CONTACT: Brimm Energy Corp. David A. Laundy, 604/689-3334 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion