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Gold/Mining/Energy : Big Rock vs.Sleemans
BR 228.19-0.1%Dec 26 9:30 AM EST
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To: dwarrior who wrote (14)6/11/1998 11:27:00 AM
From: Kent C.  Read Replies (1) of 18
 
June 9 - BR.TSE - Plans to Repurchase Common Shares

BIG ROCK BREWERY LTD. announces that it
has filed with The Toronto Stock Exchange and other applicable regulatory authorities a Notice of
Intention to Make an Issuer Bid which shall commence on June 10, 1998 and terminate on the earlier
of, the date all shares subject to the Normal Course Issuer Bid are purchased or June 9, 1999.

In the opinion of the Board of Directors of the Corporation, the market price of the Common Shares of
the Corporation has recently not accurately reflected the value of those shares. Furthermore, the
Corporation has the available funds from cash flow. As a result, the Corporation's Common Shares
may become available for purchase at prices which make them an appropriate use of funds of the
Corporation.

Big Rock intends to attempt to acquire up to an aggregate of 251,310 Common Shares over the next 12
month period representing 5% of the issued and outstanding Common Shares. There are 5,026,200
Common Shares of Big Rock issued and outstanding as of May 29, 1998. The shares will be cancelled
upon purchase pursuant to this bid.
Purchases subject to this normal course issuer bid will be carried out
pursuant to open market transactions through the facilities of either The
Toronto Stock Exchange or the NASDAQ Stock Market.
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