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Canadian Company Press Release
ANZ 1999-07-12 (provided courtesy of Canadian Corporate News.)
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Antares to Acquire Investment Advisory Service Plans To Market Publication Via Internet
TORONTO, ONTARIO--Anthony de Werth, Chairman and CEO of Antares is
pleased to announce that Antares has completed an agreement in
principle to acquire POLYMETRIC CORP., publishers since 1968 of
THE POLYMETRIC REPORT.
The Polymetric Report is a stock selection and buy/sell timing
advisory service for investors, published monthly in two editions.
The report was founded by Mr. Picton Davies, President of
Polymetric Corp. Mr. Davies will continue his involvement with
the report's publication and will become a Director of Antares
upon closing of this transaction scheduled for August 10, 1999.
The acquisition of Polymetric Corp. will entail the issuance of a
modest amount of Antares shares.
The Polymetric Canadian/Latin American edition (previously titled
Canadian edition) was started in January 1968, and the
U.S./Overseas edition (previously titled U.S. edition) was begun
in January 1971. Both editions have enviable track records which
are crystallized in two notional portfolios, the TSE All Seasons
Fund and the NY All Seasons Fund. Performance results of these
funds are published in each month's Polymetric Report, together
with recommended portfolio changes. Results are as follows:-
TSE ALL SEASONS MODEL PORTFOLIO
Compounded Rate of Return - January 1968 to June 1999: 21.2
percent p.a.
This fund was started in January 1968 with a notional $40,000, and
after reinvesting dividends and paying commissions on
transactions, now has a value of $17,375,513. For comparison, the
TSE Industrial Average/TSE 300 annual compounded rate of return
over this same period is 10.2 percent and the same $40,000 fully
invested continually in the index would now have a value of
$867,564.
NY ALL SEASONS MODEL PORTFOLIO
Compounded Rate of Return - January 1971 to June 1999: 19 percent
p.a.
This fund was started in January 1971 with a notional U.S.$100,000
and after reinvesting dividends and paying commissions on
transactions, now has a value of U.S.$14,310,806. For comparison,
the S.&P. 500 annual rate of return over the same period is 13.2
percent and the same U.S.$100,000 fully invested continually in
the index would now have a value of U.S.$3,467,345.
Antares believes that individual investors will continue to
gravitate toward more economical transaction execution options via
the Internet and will need access to research and analytical data
to help guide their investment decisions. Accordingly, Antares
has begun the process of making The Polymetric Report available
via the World Wide Web (www.polymetric.com) and will focus on
growing the subscriber base through this medium going forward.
This acquisition begins the transition of Antares from a narrowly
focussed natural resource exploration company into a more widely
diversified corporation. Management and the Board of Directors
continue to examine other opportunities.
The acquisition by Antares of Polymetric Corp. is subject to due
diligence and the receipt of all necessary regulatory approvals.
Approval will be sought at the Annual and Special Shareholders'
Meeting (July 29, 1999) to change Antares' corporate name to
CAUSSA CAPITAL CORPORATION (Full details of the model portfolios
of Polymetric Corp. are available upon request. Past performance
is not a guarantee of future results. Such results will vary and
the variations may be material. Nothing herein should be
construed as an offering or advertisement of securities or of the
services provided by Polymetric Corp.)
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FOR FURTHER INFORMATION PLEASE CONTACT:
Antares Mining and Exploration Corporation
Anthony D. de Werth
Chairman & CEO
or
Robert Yeoman
Vice President
(416) 861-9940
Web Site: antaresmining.com
NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY
AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED
HEREIN. |
