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Gold/Mining/Energy : ITV Games Inc. V.TVE (Formerly Border Capital) -- Ignore unavailable to you. Want to Upgrade?

To: twentyfirstcenturyfox who wrote (76)	11/11/1999 4:39:00 PM
From: Boolish	Read Replies (2) \| Respond to of 137

Border Capital Corp. (ASE:BOP): Dions post security for injunction damages VANCOUVER, Nov. 11 /CNW/ - Border Capital Corp. (ASE:BOP) (``Border') reports that Louis Dion, Leo Dion and other related petitioners (``Dion Group') have posted a $1 million letter of credit with the Vancouver Court Registry as security for their undertaking to pay damages caused by the injunction granted November 2, 1999. Any damages caused to Border and the other named respondents to the injunction (``Border Group') will be recoverable from this $1 million, although damages may not be limited to this amount. The terms of the draft injunction order, submitted for approval to the Court, requires the Border Group to participate in the management of the Patent Joint Venture through a management committee of two, which will be governed by the terms and objectives of the Patent Venture Agreement, as amended, and a July 31, 1998 arbitration agreement to settle the procedural rights of the parties. Dion Entertainment Corp. (TSE:DIO) is a party to the Arbitration agreement and will be required to abide by its terms and objectives. The injunction terms will apply until an arbitration award is handed down or the Court orders it to be set aside. With respect to the arbitration, the parties have engaged an arbitrator, and the Border Group is awaiting a statement of claim from the Dion Group. Once received, the Border Group will file a statement of defense and a counterclaim against the members of the Dion Group, including Dion Entertainment Corp., and Louis Dion. Border Capital Corp. is an interactive gaming systems company, with unique technology, protected by U.S. and International patents and patents pending. Border is also a joint venture partner in a licensed gaming facility located in Fredericton, New Brunswick. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.