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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Sep 23 11:27 AM EST

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To: Cyber Bill who wrote (11)1/5/1997 9:21:00 PM
From: Robert van Mil   of 451
 
Cyber Bill, Re increase in shares; Note that this is dated Nov.96, I have not seen a follow up nor have I spoken to the company about this.
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TORONTO, Nov. 22 /CNW/ - Pallet Pallet Inc. today announced that it has
filed a Preliminary Prospectus with the Ontario Securities Commission in
respect of a proposed offering of common shares.
The syndicate for the proposed public offering is led by First Marathon
Securities Limited along with Porthmeor Securities Inc. The best efforts
offering is anticipated to comprise a treasury issue of common shares in the
range of Cdn $3 - 5 million. The proceeds of the issue are expected to be used
to retire existing debt and for working capital.
Pallet Pallet Inc. operates North America's largest integrated
distribution network for new and recycled wood pallets, reusable plastic
pallets and containers, and related products. The Company is listed on the
Toronto Stock Exchange under the symbol ``PLT''.

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Robert
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