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Gold/Mining/Energy : Falconbridge Ltd.( T.FL )
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To: Condor who wrote (51)7/21/2000 6:50:04 PM
From: Condor  Read Replies (1) of 103
 
Noranda acquires additional Falconbridge shares

Falconbridge Ltd FL
Shares issued 177,041,400 Jul 18 close $18.00
Wed 19 Jul 2000 News Release
See Noranda Inc (NOR) News Release
Mr. Dale Coffin reports
Noranda Inc. has acquired additional common shares of Falconbridge Limited
through a normal course purchase on the Toronto Stock Exchange. As a
result, Noranda's ownership in Falconbridge has increased from 49.9 per
cent to approximately 50.1 per cent, or 88,615,200 common shares of
Falconbridge.
Noranda has acquired the common shares of Falconbridge for investment
purposes and may further increase its ownership position through future
normal course purchases on the Toronto Stock Exchange.
"We have previously indicated our interest in increasing our ownership of
Falconbridge," said David Kerr, Noranda's president and chief executive
officer. "The purchases are consistent with this objective."
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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