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Gold/Mining/Energy : PLANVEST CAPITAL(CM OLIVER)

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To: Jay Anderson who wrote (10)2/5/1997 10:58:00 PM
From: Scott Mc   of 75
 
The stock has been off lately,good to see a pop today based on this
news! It seems positive if this guy is any good. Scott

Canada NewsWire - Pointcast Network Canada PLANVEST CAPITAL CORP. - C.M. OLIVER & COMPANY LIMITED APPOINTS SENIOR INVESTMENT BANKING EXECUTIVE 13:17 EST Wednesday, February 5, 1997

Canada NewsWire

VANCOUVER, Feb. 5 /CNW/ - C.M. Oliver & Company Limited, the brokerage and investment dealer subsidiary of Planvest Capital Corp. (TSE/VSE: PLV), is pleased to announce the appointment of L. Robin Cornwell as Vice Chairman, Capital Markets. Based in Toronto, Mr. Cornwell will be responsible for the firm's overall investment banking business including the management of C.M. Oliver's corporate-wide institutional sales and trading, corporate finance, and research activities.

Mr. Cornwell, who obtained his Masters of Business Administration and Business and Economics degrees from York University, has over 25 years of experience in senior research and corporate finance capacities in Canada. With Gordon Capital Corporation since 1984 as a Senior Partner and Director, Mr. Cornwell served that firm in the capacity of Director of Research and Corporate Finance. He has acted as ail advisor to a number of major financial institutions in Canada, and in the 1980's acted as Chief Advisor to the House of Commons, Standing Committee of Finance, Trade and Economic Affairs on its inquiries into "Bank Profits" and on the "Status of Foreign Banks" in Canada.

"We are very fortunate to have attracted a person of such high calibre and standing in this industry," stated Michael O'Brian, Chairman and CEO. ''I believe Robin will contribute significantly to our future growth and success. With Robin's primary focus on competitively positioning C.M. Oliver within the Canadian and international investment banking industry, we are assured of our continued strong growth in this area which has been driven to date by our capital markets groups in Vancouver, Calgary, Toronto and the United Kingdom."

Planvest Capital Corp. is a publicly trading holding company with interests in the financial services industry through its wholly-owned operating subsidiaries, C.M. Oliver & Company Limited, Planvest Pacific Financial Corporation and C.M. Oliver Capital Corporation. These companies, which are currently being merged into one operating entity under the name C.M. Oliver & Company Limited, provide a complete range of financial services to individuals, institutions and corporate clients on a domestic and international level.

C. Michael O'Brian

Chairman & CEO

The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.

c Canada NewsWire - 1997
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