Cambior Inc. - Acquisition of Shares of Zappa Resources Ltd.MONTREAL--(BUSINESS WIRE)--Sept. 19, 1997--CAMBIOR(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , AMEX AMEX See: American Stock Exchange CBJ CBJ Columbus Blue Jackets (NHL team) CBJ Central Bank of Jordan CBJ Conflict-Directed Backjumping CBJ Circuit Board Jack CBJ Code-Breakers Journal CBJ Class Broker for Java CBJ Color Bubble Jet . ) Cambior Inc. ("Cambior") announces that, on Sept. 17, 1997, it purchased 3,600,000 common shares of Zappa Resources Ltd. ("Zappa") by means of a private placement. As a result of this transaction, Cambior is the beneficial owner Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of 6,399,200 common shares of Zappa representing approximately 27 percent of Zappa's outstanding common shares, and still holds a share purchase warrant with respect to 1,816,184 common shares of Zappa. This acquisition of shares in Zappa by Cambior has been made for investment purposes. Cambior may in the future increase its beneficial ownership of, control or direction over, any securities of Zappa by acquisition of shares upon i) an exercise of its share purchase warrant; ii) a private placement; iii) a stock market trade; and/or iv) in any other manner. Cambior Inc. is an international diversified diversified (di·verˑ·s gold producer with operations, development projects and exploration activities throughout the Americas. Cambior shares trade on the Toronto, Montreal and American (AMEX) stock exchanges under the symbol "CBJ". CONTACT: Cambior Inc. Geoffrey King Geoffrey King may refer to
514/878-3324 (FAX) http://www.cambior.com info@cambior.com or Cambior Inc. Robert LaValliere (Investor Relations Investor relations The process by which the corporation communicates with its investors. ), 514/878-1282 514/878-3324 (FAX) http://www.cambior.com info@cambior.com or Cambior Inc. Victoria Putnam (Investor Relations), 514/878-3166 514/878-0635 (FAX) http://www.cambior.com infor@cambior.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion