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Gold/Mining/Energy : News that catches your eye

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To: Ciao who wrote (135)	11/28/1999 11:41:00 PM
From: Ciao	Read Replies (1) of 148

Nov. 24 NR...creeping takeover? TORONTO, ONTARIO--1376013 Ontario Limited, a wholly-owned subsidiary of Greyvest Inc., announced that it has agreed to purchase 2,690,137 or approximately 13% of the outstanding common shares of Greyvest Capital Inc. (TSE:GFI) pursuant to private agreements and in accordance with an exemption from the take-over bid requirements of applicable securities legislation. Greyvest Inc. currently holds 11,107,703 (approximately 53%) of the outstanding common shares of Greyvest Capital Inc. After giving effect to these transactions, Greyvest Inc. will have control or direction over 13,797,840 (approximately 66%) of the outstanding common shares. The acquisition of common shares by 1376013 Ontario Limited has been made for investment purposes and neither 1376013 Ontario Limited nor Greyvest Inc. has any current intention to increase its ownership of Greyvest Capital Inc. -30- FOR FURTHER INFORMATION PLEASE CONTACT: 1376013 Ontario Limited Lou Elmaleh President (416)299-3616

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