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Non-Tech : Hedley Technologies - HED.vse
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To: rdww who wrote (1)10/6/1998 12:00:00 PM
From: rdww  Read Replies (1) of 9
 
Stake in Philom Bios to be acquired

Hedley Technologies Inc HED
Shares issued 7,102,838 Sep 28 close $0.75
Tue 6 Oct 98 News Release
Mr. J. Peter Ormesher reports
Hedley Technologies Inc. has reached agreements with a few existing
shareholders to acquire an investment interest in Philom Bios Inc. of
Saskatoon, Saskatchewan. Philom produces and sells seed inoculant products
for agriculture that are based on natural microbes.
Hedley has agreed to acquire approximately 12 per cent of Philom from the
shareholders, which will make it the company's largest shareholder. The
consideration to be paid for the acquisition is 380,108 shares of Hedley,
and is subject to the approval of the Vancouver Stock Exchange. Philom had
revenues of approximately $3.6-million in fiscal year ended June 30, 1997.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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