CORP. / 18.75% Of Tri Link Resources owned by Management Company
TORONTO, Jan. 8 /CNW/ - Knight, Bain, Seath & Holbrook Capital Management
Inc. (''KBSH'') today announced that the aggregate shares of Tri Link
Resources Ltd. held on behalf of its client accounts as at December 31, 1997,
was 3,936,946 common shares, representing approximately 18.75% of all
outstanding shares of that class. The shares were acquired through the
facilities of a stock exchange in the ordinary course of business. All
transactions were for investment purposes only and not for the purpose of
exercising control or direction over Tri Link Resources Ltd. KBSH specifically
disclaims any beneficial ownership of the reported shares, but as investment
manager it maintains exclusive power to exercise investment control or
direction over such shares for its client accounts.
KBSH client accounts may from time to time acquire additional shares,
dispose of some or all of the existing or additional shares or may continue to
hold the same number of common shares.
This press release and the related early warning report are issued in
accordance with the proposed alternative system respecting Early Warning
Reporting. Neither KBSH nor any of its client accounts presently intend to:
a) make a formal take-over bid for shares of Tri Link Resources Ltd.;
b) propose a transaction that would constitute a take-over bid in
reliance on an exemption in the Securities Act (Ontario) or the
equivalent provisions in the securities legislation of any
other jurisdiction; or
c) propose a reorganization, amalgamation, merger, arrangement or
similar business combination with Tri Link Resources Ltd. which would
result in KBSH's client accounts controlling the company, alone or
jointly with others.
To the best of its knowledge, KBSH and its client accounts do not in the
ordinary course of business receive material facts or changes about Tri Link
Resources Ltd. which have not been publicly disclosed. |
