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Gold/Mining/Energy : Nuvo Research Inc

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To: TheBusDriver who wrote (7788)	10/5/2001 9:52:46 AM
From: Cal Gary	Read Replies (1) of 14101

Hi Wayne, Message 16096467 "TORONTO, July 18 /PRNewswire/ - Dimethaid Research Inc. (TSE:DMX - news) announced today that it has signed a letter of intent to acquire privately held Oxo Chemie AG of Switzerland, subject to a due diligence by Dimethaid. Under the milestone-driven letter of intent, Dimethaid will have the option of acquiring all of the shares of Oxo it does not already own, representing 80% of Oxo Chemie, from its founder Dr. Friedrich Wilhelm Kuhne, which at the discretion of Dimethaid will be a cash or a non-cash transaction. Dimethaid currently holds a 20% equity ownership interest in Oxo Chemie. The Company expects to enter into a definitive purchase agreement during its second fiscal quarter, at which time further details of the transaction will be made available." ... More

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