Latest word out of Dayton. Note the last sentence in the release...
Monday February 15, 9:15 am Eastern Time
Company Press Release
Dayton Mining Retains Financial Advisor
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 15, 1999--Canada
Dayton Mining Corporation (''Dayton'') (AMEX, TSE: DAY - news news)
announces that it has retained Nesbitt Burns Inc. as its financial
advisor with respect to a review of Dayton's capital structure,
including, among other things, whether any restructuring of the terms of
the convertible debentures should be proposed at this time.
Dayton confirms that it is currently in compliance with all obligations
under the terms of its senior bank indebtedness, as fully described in
Dayton's press release of January 11, 1999, and its convertible
debentures. Dayton does not currently anticipate being in non-compliance
under the terms of either the senior bank indebtedness or the
convertible debentures.
As required by regulatory requirements, management of Dayton have today
through the financial press disclosed a possible meeting date of March
31, 1999 for an extraordinary meeting of convertible debentureholders
and, if required, shareholders. No decision has yet been made whether
any such meeting will be held. Dayton will give proper notice as
required by legal and regulatory requirements of any such meeting.
Dayton Mining Corporation holds a 100% interest in the Andacollo Gold
Mine located in central Chile, and trades on both the American Stock
Exchange (AMEX) and Toronto Stock Exchange (TSE) under the trading
symbol DAY.
For further information please contact Diane Thomas, Vice President,
Investor Relations (604) 662-8383
Notice: The Company relies on litigation protection for ''forward
looking'' statements. |
