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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play
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To: Winzer who wrote (163)12/4/1999 10:28:00 AM
From: chevalier   of 343
 
This from today's Cape Breton Post:

Balser confirms meeting with bank trying to sell Sysco

Balser confirms meeting with bank
Economic Development Minister Gordon Balser confirmed Friday the province already has been apprised of the list of prospects for Sysco.
Representatives of the province, the executive of the Sysco board met officials of ABN AMRO “recently and were brought up to date,” he said.
The Dutch bank has been commissioned by Sysco to find a buyer.
The minister responsible for Sysco said everybody involved is cognizant of the date (Dec. 31 deadline) on the horizon.
“We are hopeful the potential buyers will stay interested” through the request for proposal stage.
In an attempt to ease the worry of steelworkers living through the countdown to closure, 28 days and counting, Balser said the first priority if the plant does close is the workforce.
“It's the premier's commitment and I want to reassure them their pensions are taken care of.”
Balser would not give any suggestion of the numbers of expressions of interest abiding by the whole issue of confidentiality that has been in place throughout the sale process.
“Discussions are ongoing at this point and everyone knows the time line.”
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