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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: russet who wrote (850)5/10/2002 4:17:52 AM
From: Al Collard  Respond to of 1590
 
Oncolytics Biotech Inc. - Clarification

CALGARY, May 9 /CNW/ - In connection with the press release of Oncolytics
Biotech Inc. (TSE: ONC, NASDAQ: ONCY) ("Oncolytics") released earlier today,
Oncolytics clarifies that effective 12:01 a.m. on May 8, 2002, each SYNSORB
Biotech Inc. share represents the right to receive one-eighth of a new SYNSORB
share and approximately 0.1008 (not 0.8065 as previously disclosed) of a
common share of Oncolytics. For example, an existing SYNSORB shareholder
owning 1,000 SYNSORB shares will receive 125 new SYNSORB shares and
approximately 100 common shares of Oncolytics.