It sounds like you will get shares of Nanovation sometime next year by court order. Is that correct? Can only Canadians buy into STFD? I can't get quotes through my U.S. brokers.
Company: Stamford International Inc.
Symbol: STFD
Address: #1800, 8 King Street East, Toronto,
Ontario, Canada M5C 1B5
O/S Shares:Approx. 22,100,000
Phone: (416)862-0887
Fax: (416)862-2204
Email:
Contact: France Crawford
Business: Stamford's sole material asset is its
indirect holding of approximately 9,000,000 common shares of Nanovation Tchnologies, Inc, a high tech company that designs and develops integrated optical devices based on its patented microcravity lasers and resonators for the fiber communications market.
June 10, 1999
newsheadquarters.com
STAMFORD INTERNATIONAL INC. ("STFD-Z;STFZF-L") - Agreement Reached to Settle Outstanding Litigation
Stamford International Inc. (the "Company") announces that an Agreement has been reached to settle the outstanding litigation involving the Company and its main shareholder groups, and to distribute the Company's shares of Nanovation Technologies, Inc. to its shareholders as quickly as possible. The effective date of the Agreement and the court order embodying its terms is June 9, 1999. Parties to the agreement in support of the transaction represented in excess of two-thirds of the outstanding shares of the Company.
The significant features of the agreement are as follows: 1. All litigation in connection with the Application in Ontario Court as previously disclosed will cease, other than as may be required to follow up on the intent of the Agreement. 2. A new board of directors will be appointed, consisting of Robert G. Wilson, Robert H. Miller, Robert D. Kofman, Richard A. Potts, and Jeffrey L. Goldberg, replacing Philip Graves, Peter Lange, Darren Pylot, and Costas Takkas. 3. Stamford will be reorganized such that the shares of Nanovation owned by the Company will be transferred to its shareholders in an expeditious manner by way of merger, liquidation, dissolution, wind-up, or other procedure, following receipt of advice as to the most tax efficient structure (the "Reorganization"). If required by applicable law, the Company will call a special meeting of the shareholders of Stamford to approve the steps necessary to accomplish the Reorganization. 4. Stamford will not undertake any new business, and except to effect the Reorganization and as contemplated by the Agreement, Stamford will not distribute, convert or assign any of its assets, including its shares of Nanovation, or enter into any new transaction, or incur any indebtedness or liabilities, or issue any shares, options, warrants, or other securities. 5. The special shareholders meeting scheduled for June 15, 1999 is to be terminated at the outset of the meeting before the transaction of any business, as the business for which the meeting was called will have already been dealt with by way of the Agreement and the court order. 6. Western Trade Corporation has cancelled and rescinded 1,375,000 shares which were issued pursuant to warrants exercised at $.50 per share. After giving effect to the cancellation of these shares, there are 27,526,658 shares issued and outstanding in the share capital of the Company. The Agreement is considered to be a milestone in the evolution of the Company and a significant step forward for shareholder value. A vast majority of the shareholders agree on the direction of the Company. It is anticipated that this Reorganization will assist in maximizing the value of the shares of Nanovation for the benefit of Stamford's shareholders. TEL: (604) 222-3555 Robert Wilson, Director
October 19, 1999
newsheadquarters.com
STAMFORD INTERNATIONAL INC ("STFD-Z;STFZF-L") - Discussing Exchangeable Share Transaction with Nanovation Stamford International Inc. of Toronto (CDN) announced that it was discussing an exchangeable share transaction with Nanovation Technologies, Inc. of the United States. Stamford's sole material asset is its indirect holding of approximately 9,000,000 common shares of Nanovation. Under the transaction being discussed Stamford shareholders would receive Stamford exchangeable shares, which would be exchangeable for Nanovation common shares at a negotiated ratio, and Stamford would become a subsidiary of Nanovation. The discussions are being held with the intention of implementing the terms of a settlement order of the Ontario Superior Court of Justice resulting from applications made by certain Stamford shareholders, Stamford and Nanovation. The transaction, if it proceeds, would be conditional upon the receipt of a fairness opinion of a nationally recognized Canadian securities dealer and all required board, shareholder and regulatory approvals, and would likely be effected in the first quarter of the year 2000.... |
