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NuGas Limited announces variation notice to its take-over bid.


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)--Feb. 14, 1995--NuGas Limited announced that a notice of variation to its take-over bid dated February February: see month.  3, 1995, is being mailed to all shareholders of Co-Maxx Energy Group Inc. today.

The terms of NuGas' bid for all of the common shares of Co-Maxx remain essentially unchanged, however, Co-Maxx shareholders will now be permitted to tender their shares to NuGas' bid until 12 midnight (local time) on Friday Friday: see Sabbath; week.

Friday

young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe]

See : Servant
, February 24, 1995. Pursuant to its bid, NuGas is offering the shareholders of Co-Maxx the option to receive, either $2.00 in cash OR a combination of $1.00 and 0.5 Common Shares of NuGas, for each Co-Maxx share.

The take-over bid is subject to certain other conditions, including a minimum level of acceptance by Co-Maxx shareholders and receipt of all necessary regulatory reg·u·late  
tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates
1. To control or direct according to rule, principle, or law.

2.
 approvals.

For further information, please contact Peter Malencia, President of NuGas, at (403) 262-7034.

CONTACT: NuGas Limited, Calgary

Peter Malencia, 403/262-7034
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 14, 1995
Words:157
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