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Gold/Mining/Energy : Anadime (C.AEM)
AEM 171.84+0.3%Dec 30 3:59 PM EST
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To: Nexus who wrote (48)11/27/1997 6:03:00 PM
From: Nexus   of 54
 
ANADIME TO LIST ON TORONTO STOCK EXCHANGE - ''PREMIER
PETROLEUM WASTE MANAGEMENT COMPANY GRADUATES TO
CANADA'S LEADING EXCHANGE''

CALGARY, Nov. 27 /CNW/ - Anadime Corporation (TSE/ASE: AEM) today
announced it will commence trading on The Toronto Stock Exchange on Friday,
November 28th.
''A Toronto Stock Exchange listing should attract a broader base of
institutional investors to the company, as well as encourage liquidity in the
stock. This will be positive for all investors, both retail and
institutional,'' said Owen Pinnell, President and Chief Executive Officer of
Anadime. ''We hope that the resulting increase in exposure and coverage will
increase customer and investor confidence, allowing the company to continue
its aggressive growth strategy. Being part of Canada's leading exchange is a
milestone for Anadime and demonstrates to our shareholders and supporters that
the company delivers on its commitments and forecasts.''
Anadime also reports that construction at Elk Point and Cold Lake is on
schedule and that the two new processing plants will commence operating on
January 15 and May 1, 1998, respectively. The first of the MCS Technologies
centrifuges that form the core of both plants' heavy slop oil processing
section will be delivered in the next ten days. Additional units will follow
in the new year.
Based in Calgary, Anadime Corporation provides oilfield processing and
disposal services to the petroleum industry in Western Canada. The company is
traded on the TSE/ASE under the symbol AEM.
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