Cedar Group's registration declared effective as of 3:00 p.m. (EST) May 4, 1995.MONTREAL--(BUSINESS WIRE)--May 4, 1995--Cedar Group, Inc. (NASDAQ/NMS:CGMV; VSE See DOS/VSE. VSE - Virtual Storage Extended :CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. ) is pleased to announce that the Registration Statement it has filed with the Securities and Exchange Commission has been declared effective. The Registration Statement relates to the qualification of an aggregate 6,708,692 shares of common stock previously issued by the company in certain private placement transactions that were completed in March and pursuant to the exercise of share purchase warrants in August 1994. The company will be mailing a letter to shareholders that participated in the private placement to advise them of the procedures required to be undertaken to sell securities and to remove the legend from existing share certificates. The Registration Statement also qualifies for resale certain additional securities including shares of common stock that may be issued upon exchange of the Class A 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. of its principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Dominion Bridge, Inc. EDITOR'S NOTE: This news release is neither approved nor disapproved by 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). . CONTACT: Cedar Group, Inc. Eric Boyd 514/634-3551 or 516/636-6247 (fax) or Strategic Growth International Stan Altschuler/Richard Cooper 516/829-7111 or 516/829-8319 (Fax) |
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