Cambior Responds to bid Announced by Aur Resources Inc.Business Editors MONTREAL--(BUSINESS WIRE)--Jan. 20, 2000 Cambior Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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 .)(AMEX AMEX See: American Stock Exchange :CBJ)(&uot;Cambior&uot;) announces that it has received written confirmation from Aur Resources Aur Resources Inc. (TSX: AUR) is a Toronto, Ontario, Canada, based, international mining company active in the acquisition, exploration, development and mining of mineral properties. Inc. (&uot;Aur&uot;) of its plan to make an offer to purchase all of the issued and outstanding common shares of Cambior. Aur's takeover bid proposal was unsolicited. Cambior will consider the formal offer in due course and recommends that shareholders not tender their shares under the offer until the board of directors of Cambior has had an opportunity to assess the offer and to make a recommendation concerning the offer to Cambior's shareholders. Cambior intends to pursue vigorously all available alternatives for maximizing shareholder value, including corporate transactions and asset sales that would result in the sale of Cambior as a whole or the sale of specific assets with a view to unbundling A regulatory requirement that enables a competing service provider to purchase parts of the incumbent local exchange carrier's network in order to provide service to its customers. See ILEC. Cambior's gold assets from its non-gold assets. While there can be no assurance as to any particular outcome, Cambior believes that its efforts will result in the maximization of value for shareholders in the circumstances. The board of directors of Cambior has postponed to the close of business on January 31, 2000, the Separation Time under Cambior's Shareholder Protection Rights Plan, being the time at which common share purchase rights issued under such plan would trade separately from Cambior common shares and become eligible for exercise. Cambior Inc. is an international diversified gold producer with operations, development projects and exploration activities throughout the Americas. Cambior's shares trade on the Toronto and American (AMEX) stock exchanges under the symbol &uot;CBJ&uot;. This press release contains certain &uot;forward-looking statements&uot;, as defined in the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such risks and uncertainties are disclosed under the heading &uot;Risk Factors&uot; in Cambior's Annual Information Form (AIF AIF Annual Information Form AIF Apoptosis-Inducing Factor AIF Agence Intergouvernementale de la Francophonie (French: Intergovernmental Agency for Francophony) AIF Australian Imperial Force ) filed 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. , the Quebec Securities Commission, the United States Securities and Exchange Commission (Form 40-F) and other regulatory authorities. |
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