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Gold/Mining/Energy : Nuvo Research Inc

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To: Cal Gary who wrote (13427)	4/20/2004 6:18:48 PM
From: Cal Gary	of 14101

OT HML sells Tax Loss for Cash DMX also has significant tax losses. Hemosol shareholders approve arrangement with MDS Hemosol Inc HML Shares issued 47,745,584 Apr 19 close $1.33 Tue 20 Apr 2004 News Release Also (MDS) Mr. Jason Hogan of Hemosol reports HEMOSOL SHAREHOLDERS APPROVE REORGANIZATION; COMPANY TO REALIZE APPROXIMATELY $16 MILLION IN PROCEEDS Hemosol has disclosed that, at the annual and special meeting held earlier April 20, 2004, securityholders overwhelmingly approved a resolution authorizing the previously disclosed arrangement involving Hemosol, its securityholders and MDS. Under the arrangement, Hemosol will, in effect, exchange a significant portion of its tax losses and other tax assets for a cash infusion of $16-million. The arrangement is expected to close on or about April 30, 2004. (c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com

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