Just in case anyone missed it, this is the Thursday news release regarding the Dayak takeover:
APRIL 10, 1997
International Pursuit Corporation and Dayak Goldfields
Corporation - Meeting to Approve Plan of Arrangement
Called
TORONTO, ONTARIO--International Pursuit Corporation (IPJ - TSE),
"Pursuit" and Dayak Goldfields Corporation (DAYK - CDN) "Dayak"
are pleased to announce that Pursuit, a wholly-owned subsidiary of
Pursuit, and Dayak have entered into an Arrangement Agreement and
that the Court has authorized the calling of a meeting of Dayak
shareholders to consider the Plan of Arrangement for the exchange
of shares of Dayak on the basis of 3 shares of Dayak for 1.1
shares of Pursuit. The meeting of shareholders of Dayak is to be
held in Toronto on May 14, 1997. Pursuit, through its
wholly-owned subsidiary, currently owns 18.4% of the issued and
outstanding shares of Dayak. If the Plan of Arrangement is
approved by Dayak shareholders, and the other conditions contained
in the Arrangement Agreement are satisfied or waived, Pursuit will
acquire all of the shares of Dayak not currently owned by it.
Pursuit is an exploration mining company whose shares trade on the
Toronto Stock Exchange under the symbol 'IPJ'. Dayak trades on
the Canadian Dealing Network (Toronto) under the symbol 'DAYK".
Pursuit has approximately 23,689,172 shares outstanding and Dayak
has approximately 18,126,783 shares outstanding. Pursuit and
Dayak jointly have a working capital base of approximately $37
million.
ON BEHALF OF THE BOARD OF DIRECTORS
Stephen R. Dattels President, International Pursuit Corporation
William B. Burton President, Dayak Goldfields Corporation
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FOR FURTHER INFORMATION PLEASE CONTACT:
International Pursuit Corporation
Investor Relations
(416) 947-9216
1-800-396-5188 |
