Canhorn Chemical Corporation lists on the Toronto Stock Exchange.TORONTO--(BUSINESS WIRE)--April 27, 1995-- Canhorn Chemical Corporation ("CanChem") (commenced trading on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. on April 26, 1995 as a result of the amalgamation of Canhorn Mining Corporation and Initiative Explorations Inc. CanChem will focus its efforts on expanding the specialty chemical business of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Riba Corporation ("Riba"), at its new greenfield plant in Decatur, Illinois. Riba is the only US producer of ethyl lactate and related products which are used as solvents in the electronics business. Rib's products are also used by the flavour and fragrance industries. CanChem's other principal asset consists of its significant shareholdings in United Reef Limited ("United Reef") (URP-TSE). United Reef is a diamond exploration and development company active in the Central African Republic Central African Republic, republic (2005 est. pop. 3,800,000), 240,534 sq mi (622,983 sq km), central Africa. The landlocked nation is bordered by Chad (N), Sudan (E), Congo (Kinshasa) and Congo (Brazzaville) (S), and Cameroon (W). . They recently announced that a new processing plant, mining equipment and working capital were funded through a $4 million convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. issued to Trans Hex hex, witchcraft or one who works it. The word is of German origin, and beliefs connected with it spread from Europe to the United States, especially to the Pennsylvania Dutch country. Group Limited of South Africa. United Reef anticipates that diamond production will commence on one of its Central African Republic properties in May, 1995. United Reef's active exploration program is continuing to expand resources and identify new properties. CanChem has adopted October 31, 1995 as its first year end and will publish its first quarterly report, for the period ended April 30, 1995, in late May or early June. CONTACT: Mr. Michael Coulter, Secretary of the Company 416/368-3332 INDUSTRY KEYWORD: CHEMICALS/PLASTICS REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion