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CONSOLIDATED CARMA CORP. ANNOUNCES OFFER TO REPURCHASE SHARES

 CONSOLIDATED CARMA CORP. ANNOUNCES OFFER TO REPURCHASE SHARES
 CALGARY, Alberta, Dec. 20 /PRNewswire/ -- Consolidated Carma Corp. (Toronto, Calgary: CVP.A) today that it has agreed to make an offer, subject to applicable regulatory approval, to repurchase for cancellation the 3,000,000 issued and outstanding Floating Rate Cumulative Redeemable Class AA Preferred Shares Series 1 of the corporation at a price of $25 per share, for a total consideration of $75 million.
 -0- 12/20/91
 /CONTACT: Murray L. Fox, president and CEO, or Alan Norris, senior VP, secretary and CFO of Consolidated Carma Corp., 403-231-8970/
 (CVP.A.) CO: Consolidated Carma Corp. ST: Alberta IN: CST SU:


AL -- LA006 -- 4337 12/20/91 11:51 EST
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Publication:PR Newswire
Date:Dec 20, 1991
Words:116
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