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

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

ECX 1.690

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Dec 17 3:59 PM EST

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To: david james who wrote (2528)	6/10/1998 1:43:00 PM
From: JimieA	Read Replies (2) of 2841

David; I am somewhat confused about the differing press releases from American Eco and Dominion Bridge. While American Eco press release seems to indicate that Eco has a 51% participation in the contract. Dominion Bridge's press release indicates that the contract is theirs and American Eco helping provide bonding. And nothing more! Someone is putting a lot of spin on this contract for their benefit. I assume this is Dominion Bridge. Pieces of the two press releases. Dominion Bridge: Dominion Bridge Starts Construction of $234.0 Million of Semi-Submersibles Davie Industries, subsidiary of Dominion Bridge Corporation, has received in escrow a mobilization payment of Cdn$23.0 million against the start of construction of a Cdn$234.0 million contract for two Amethyst semi-submersible oil rig platforms. London Guarantee with the support of American Eco Corporation of Toronto, has placed Cdn$90.0 million of Performance Bonds for Davie Industries American Eco: American Eco Joint Venture Receives Record Fabrication Contract of $162 Million American Eco has received the largest fabrication order in its history -- a US$162.0 million (Cdn $234.0 million) contract for its 51 percent joint venture with the Davie Industries This is a perfect joint venture effort, in which both American Eco and Dominion Bridge realize efficient utilization of their Canadian based facilities regards

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