Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (108)	3/9/2000 10:50:00 AM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 123

03/09 9:59A (DJ) +DJ Dia Met Forms Committee To Study Share Restructuring KELOWNA, B.C. (Dow Jones)--Dia Met Minerals Ltd. (DMMB) said it has formed a special committee of its board to study the consolidation of its current Class A and Class B shares into a single class of common shares. In a news release, Dia Met said it has hired Newcrest Capital Inc., a Toronto investment dealer, and Torys, a Toronto and New York law firm, to provide the committee advice on relevant investment banking, securities and legal issues. The company said "we recognize that the current two-class share structure may deter potential investors and also hampers liquidity, both of which are concerns particularly among large Canadian and U.S. institutional investors." It said it believes a consolidation of the Class A and Class B shares would help address these issues. Dia Met said "this is the first of several initiatives we expect to announce in coming months, as we aggressively explore all options for unlocking shareholder value." It didn't elaborate. Dia Met said that, on a diluted basis, it currently has about 10.2 million Class A shares outstanding, which carry one vote, and about 22.1 million Class B shares, which carry 10 votes. Dia Met is a mineral exploration and development company with a primary focus on diamonds. Dia Met is a mineral exploration and development company with a primary focus on diamonds. -Judy McKinnon, Dow Jones Newswires; 416-306-2100 PHIL