GENERAL INTEREST / RSIM HOLDINGS of Symmetry Resources
SAN FRANCISCO, Feb. 19 /CNW/ - This press release is issued by Robertson
Stephens Investment Management Co. (''RSIM'') pursuant to Section 101 of the
Securities Act (Ontario) and Section 141 of the Securities Act (Alberta) with
respect to common shares (''Shares'') of Symmetry Resources Inc. (the
''Issuer'').
On August 1, 1997 the Robertson Stephens Orphan Fund (the ''Orphan
Fund'') acquired 1,619,063 Shares of the Issuer from treasury in a private
transaction.
On August 1, 1997 the Robertson Stephens Orphan Offshore Fund (the
''Orphan Offshore Fund'') acquired 343,437 Shares of the Issuer from treasury
in a private transaction.
On August 1, 1997 the Robertson Stephens Partners Fund (the ''partners
Fund'') acquired 1,962,500 Shares of the Issuer from treasury in a private
transaction.
On September 2, 1997 the Partners Fund acquired 62,300 Shares of the
Issuer.
On September 11, 1997 the Orphan Fund acquired 6,100 Shares of the
Issuer.
On September 11, 1997 the Orphan Offshore Fund acquired 1,300 Shares of
the Issuer.
On September 11, 1997 the Partners Fund acquired 30,300 Shares of the
Issuer.
On September 12, 1997 the Robertson Stephens Global Natural Resources
Fund acquired 34,400 Shares of the Issuer.
On September 12, 1997 the Orphan Fund acquired 28,300 Shares of the
Issuer.
On September 12, 1997 the Orphan Offshore Fund acquired 6,100 Shares of
the Issuer.
For the purpose of the applicable legislation, RSIM is deemed to
currently own or have control over 176,900 Shares, representing a total of
16.38% of the Shares of the Issuer on a fully-diluted basis.
Purchases of Shares on August 1, 1997 were made by way of private
placement and were issued from treasury by Symmetry Resources. Shares
purchased subsequently were acquired on the open market through the facilities
of The Toronto Stock Exchange.
The purpose of the various Funds' dispositions and acquisitions of
securities of the Issuer is to purchase and sell Shares of the Issuer for
investment and not with the intention of changing or influencing control of
the Issuer. Depending on economic or market conditions or matters relating to
the Issuer, any of the Funds may choose to either dispose of, or acquire,
additional Shares of the Issuer. |
