American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

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To: Gemini who wrote (2418)	4/24/1998 9:22:00 AM
From: david james	Read Replies (1) of 2841

Sounds like the RMGL group is making noises as though they will be acquiring Davie at DBCO (yes, they got the name wrong in the announcement below). Looks like the last announcement though, with no confirmation that DBCO is at all interested. At $10 mill, I think even Eco would be buying - if it could indeed be bought for that price. Thursday April 23, 5:08 pm Eastern Time Company Press Release RMGL to Make Available a $100 Million Dollar Bond CALGARY, Alberta--(BUSINESS WIRE)--April 23, 1998-- RMGL(NASDAQ:RMGL - news; OTC Bulletin Board:RMGL - news) Royal Millennia Group Ltd. whose head office is in Calgary, Alberta, announces that in support of its 10 million dollar offer to acquire David Industry Inc. together with a facility for the necessary working capital has arranged to make available a $100 million dollar performance bond for the construction of the Amethyst II and III Projects and the refurbishment of the Spirit of Columbus. This bonding is subject only to a change of ownership of Davie Industries Inc. and the availability of working capital from Royal Millennia. Royal Millennia President James Carswell stated that RMGL is ready willing and able to take Davie to the next level. We have worked extensively with Davie management in an effort to ensure the continuity of Davie Shipyard. Royal Millennia Group Ltd. is listed over-the counter on the Bulletin Board of NASDAQ (NASDAQ OTC BB: RMGL - news). Contact: Royal Millennia Group Ltd., Calgary Sameer Hirji, 403/263-3993

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