Concert Industries Convertible Debenture.VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 16, 1996-- Concert Industries L(VSE See DOS/VSE. VSE - Virtual Storage Extended , ME: CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage .) The Directors are pleased to announce that the Company received shareholder approval at its Extraordinary Shareholders meeting held December 12, 1996 for the Private Placement outlined in its news release of October 25, 1996. The Company has also received preliminary approval from its regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities for the private placement. The Company has received the first installment under the financing agreement announced in the above mentioned news release in the amount of $3,500,000. These funds have been used to fully satisfy the Company's equity participation in its European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. expansion through its 55 percent owned subsidiary, Concert GmbH. Construction of the German plant is continuing on schedule with completion planned for the end of 1997. With the opening of the German facility, Concert will be better able to continue its high level of service to its European customers and free up much needed capacity for the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. On behalf of the Board of Directors Dieter Peter, President & C.E.O. 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). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Concert Industries Ltd Dieter Peter, 604/ 681-1008 604/ 681-2627 (FAX) http://www.air-laid.com inrel@air-laid.com |
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