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ROMFIELD BUILDING CORPORATION LIMITED - COMPANY UPDATE.


TORONTO, ONTARIO--(BUSINESS WIRE)--Feb. 21, 1995--ROMFIELD BUILDING (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN)

The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991.
: RFDB RFDB Resolution Function Data Base )--Romfield Building Corporation Limited (the "Company") has satisfied all due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired.  inquiries and completed the application process to the Atlantic Canada Opportunities Agency The Atlantic Canada Opportunities Agency is the Canadian federal government department responsible for helping to build economic capacity in the Atlantic Provinces by working with the people of the region – in their communities, through their institutions and with their local  (ACOA ACOA Adult Children Of Alcoholics
ACOA Atlantic Canada Opportunities Agency
ACOA American Committee on Africa
ACOA Association Canadienne des Orthophonistes et Audiologistes (Canadian Association of Speech-Language Pathologists and Audiologists) 
), a federally funded agency, for the guarantee by ACOA of a $13,500,000 loan to the Company.

Although no decision has yet been made by ACOA, Management of the Company believe that the board of directors of ACOA may shortly approve the loan guarantee to the Company. Approval by ACOA of the loan guarantee and the provision by ACOA of a letter acceptable to lenders in this regard would enable the Company to exercise its option to purchase 51 percent of the equity of Hollinger North Shore Explorations Inc. ("Hollinger"), a subsidiary of La Fosse Platinum Group Inc. of Toronto, Ontario, which owns an iron ore and manganese property located near Schefferville, Quebec.

CONTACT: Mr. Fraser Currah

President

416/363-8865
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 21, 1995
Words:157
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