To: TomNY who wrote (9188 ) 2/15/1999 9:49:00 AM From: Alan Whirlwind Read Replies (1) | Respond to of 25548
Latest word out of Dayton. Note the last sentence in the release... Monday February 15, 9:15 am Eastern Time Company Press Release Dayton Mining Retains Financial Advisor VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 15, 1999--Canada Dayton Mining Corporation (''Dayton'') (AMEX, TSE: DAY - news news) announces that it has retained Nesbitt Burns Inc. as its financial advisor with respect to a review of Dayton's capital structure, including, among other things, whether any restructuring of the terms of the convertible debentures should be proposed at this time. Dayton confirms that it is currently in compliance with all obligations under the terms of its senior bank indebtedness, as fully described in Dayton's press release of January 11, 1999, and its convertible debentures. Dayton does not currently anticipate being in non-compliance under the terms of either the senior bank indebtedness or the convertible debentures. As required by regulatory requirements, management of Dayton have today through the financial press disclosed a possible meeting date of March 31, 1999 for an extraordinary meeting of convertible debentureholders and, if required, shareholders. No decision has yet been made whether any such meeting will be held. Dayton will give proper notice as required by legal and regulatory requirements of any such meeting. Dayton Mining Corporation holds a 100% interest in the Andacollo Gold Mine located in central Chile, and trades on both the American Stock Exchange (AMEX) and Toronto Stock Exchange (TSE) under the trading symbol DAY. For further information please contact Diane Thomas, Vice President, Investor Relations (604) 662-8383 Notice: The Company relies on litigation protection for ''forward looking'' statements.