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Gold/Mining/Energy : International Properties Group (IPX-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: mark calgary who wrote (82)	9/23/1999 12:46:00 PM
From: Dennis Lefebvre	Read Replies (2) \| Respond to of 104

Here is a large cross today... 10:30:40 T .810 -.040 285300 22 Thomson Kernaghan 22 Thomson Kernaghan

To: mark calgary who wrote (82)	9/23/1999 12:47:00 PM
From: Dennis Lefebvre	Read Replies (2) \| Respond to of 104

International Properties Group Ltd - Azterra to be acquired by Int'l Properties International Properties Group Ltd IPX Shares issued 33,352,562 1999-09-22 close $0.85 Wednesday Sep 22 1999 See Azterra Corp, The (TAC) News Release Mr. Patrick Fitzsimonds reports Azterra's board of directors has approved an agreement with International Properties Group (IPG) whereby IPG has agreed to offer to acquire all of the outstanding common shares of Azterra on the basis of one common share of IPG for every 25 common shares of Azterra, subject to certain conditions. The offer has received the unanimous approval of the board of directors of Azterra that, subject to completion of satisfactory due diligence, will recommend that shareholders of Azterra accept the offer. The offer will be subject to customary conditions including the receipt of all required regulatory and stock exchange approvals and is also subject to completion of satisfactory due diligence by the parties and delivery of lockup agreements by all of the directors and officers of Azterra on or before Oct. 1, 1999. If the offer is successful, IPG intends to take such steps as may be advisable in order to acquire 100 per cent of the outstanding Azterra common shares. It is anticipated that the offer will be mailed to Azterra shareholders during the first week of October, and will be completed 21 days thereafter. The core business activities of Azterra and IPG are similar in both strategic direction and vision. Both companies own rental properties for long-term investment appreciation and stabilized income, and provide multifamily housing for specific segments of the owner-occupied market. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com