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To: David Pickering who wrote (4094)5/12/1998 11:15:00 AM
From: Ted B.  Read Replies (1) | Respond to of 6467
 
If I were a guessing man, I would suggest that the Hamilton plant which is currently debt free is being used to raise the $10,000,000 needed to start the Oshawa and Niagara plants until their financing comes through. Then the Hamilton plant will be mortgaged to finance the Richmond plant. In this way no new equity has to be issued.