RE: I.G. Investment Management, Ltd. - RE: Bonus Resources Services Corp., Pembridge Inc., Nevsun Resources Ltd., Penn West Petroleum by Managed Accounts.WINNIPEG Winnipeg, city, Canada Winnipeg (wĭn`ĭpĕg), city (1991 pop. 616,790), provincial capital, SE Man., Canada, at the confluence of the Red and Assiniboine rivers. , MANITOBA--(BUSINESS WIRE)--April 4, 1997-- I.G. INVESTMENT MANA I.G. Investment Management, Ltd. ("IGIM IGIM I Got It Made "), a subsidiary of Investors Group Inc. and a member of the Power Financial group of companies, today announced that as a result of purchases and\or sales by one or more of its mutual fund and private client managed accounts during the month of March, 1997, the following changes occurred respecting Issuers in which IGIM held 10 percent or more of the Issuer's outstanding shares: -0-
ISSUER CLASS NO. OF SHARES % OF CHANGE
OF HELD AT MONTH CLASS FROM
SHARES END PREVIOUS
REPORT
( IN % )
Pembridge Inc. common 2,323,700(x) 12.71 +12.71
Bonus Resources Services
Corp. common 1,722,200 12.34 +12.34
Nevsun Resources Ltd. common 2,559,300(x) 11.33 +11.33
Penn West Petroleum common 3,918,587 10.00 +10.00
(x) assumes conversion of special warrants
IGIM specifically disclaims any beneficial ownership of the reported shares, but as investment manager it maintains exclusive power to exercise investment control or direction over such shares for its managed accounts. Those shares acquired were done so in the ordinary course of business, for investment purposes only and not for the purpose of exercising control or direction over the respective Issuers. IGIM managed accounts may from time to time acquire additional shares, dispose of dis·pose v. dis·posed, dis·pos·ing, dis·pos·es v.tr. 1. To place or set in a particular order; arrange. 2. some or all of the existing or additional shares or may continue to hold the shares. This press release and the accompanying ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. report are issued in anticipation of the alternative reporting exemption described in the recently proposed OSC O.S.C. n. short for Order to Show Cause. (See: Order to Show Cause) Rule respecting early warning reporting. Neither IGIM nor any of its managed accounts presently intend to: a) make a formal take-over bid for shares of the Issuers referred to above; b) propose a transaction that would constitute a take-over bid in reliance on an exemption in the Securities Act (Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. ); or c) propose a reorganization The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. , amalgamation amalgamation /amal·ga·ma·tion/ (ah-mal´gah-ma´shun) trituration (3). amalgamation ( , merger, arrangement or similar business combination with any of the Issuers referred to above which would result in IGIM's managed accounts controlling any of such Issuers, alone or with others. To the best of its knowledge, IGIM and its managed accounts do not in the ordinary course of business receive material facts or changes about the Issuers referred to above which have not been publicly disclosed. CONTACT: Investors Group Inc. W.T. (Terry) Wright, Q.C., 204/956-8470 204/956-1446 (FAX) |
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