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Gold/Mining/Energy : AIT Advanced Information Technologies Corp.

AIV 5.710

+0.3%

Nov 26 3:59 PM EST

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To: hugh thorne who wrote (53)	2/20/1998 7:15:00 PM
From: wayne cath	Read Replies (1) of 130

Mr Peter Bennett reports The board of directors has implemented a shareholder rights plan. The plan is effective immediately. The plan has been adopted in order to provide the board of directors and shareholders with sufficient time to assess and evaluate any takeover bid and, in the event a bid is made, to provide the board of directors with an appropriate period of time to explore and develop alternatives which maximize shareholder value. The plan is also intended to ensure that all of the company's shareholders are treated equally if a takeover bid is made. The plan is not intended to deter takeover bids. The board is not currently aware of any pending or threatened takeover bid. The plan is operative until the date of the shareholders' meeting which will be scheduled to ratify the plan sometime before the end of August 1998. To remain effective, the plan must be approved by more than 50% of the votes cast at the meeting. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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