Danoil Energy Ltd. corporate update.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , ALBERTA--(BUSINESS WIRE)--June 19, 1997--Danoil Energy(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : DAN.A.) Danoil Energy Ltd. announced today that its controlled subsidiary, Cabos Resources Inc. had acquired on June 19, 1997 through the facilities of The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. 816,300 shares of Vintage Resource Corp. The highest price paid by Cabos on June 19, 1997 for the shares acquired was $1.08. Danoil mailed its bid ("Bid") to the Vintage shareholders on June 14, 1997. During the currency of the Bid, the aggregate number of Vintage shares acquired by Danoil (Cabos) through the facilities of the exchange is 816,300 Vintage shares and the average price paid by Danoil (Cabos) for such shares was $1.08. As at the close of business on The Toronto Stock Exchange on June 19, 1997, Danoil controls through Cabos 3,165,300 Vintage shares (approximately 18.4 percent of the outstanding Vintage shares). Cabos acquired the additional Vintage shares in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the provisions of the applicable Securities Acts and the Bid, allowing for the acquisition of up to 5 percent of the shares subject to the Bid to increase its ownership in Vintage. Danoil and Vintage do not intend to make any further purchases in the market, except pursuant to the Bid. Danoil recommends that all unregistered Vintage shareholders contact their investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and as soon as possible for details of the Bid as the expiry date expiry date expire n → date f d'expiration; (on label) → à utiliser avant ... expiry date expire n → Ablauftermin m of the Bid is July 11, 1997. CONTACT: Danoil Energy Inc. Robert G. Brawn, 403/261-9010 Fax: 403/262-6977 |
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