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Gold/Mining/Energy : Noranda (TSE;NOR) -- Ignore unavailable to you. Want to Upgrade?

To: J-R who wrote (150)	2/26/1999 5:20:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 197

I was wondering the significance of this statement as well Noranda said the new shares would rank equally in voting weight, dividend payments and equity participation, though the class A shares would be used as "currency" for future acquisitions.

To: J-R who wrote (150)	2/26/1999 7:35:00 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 197

Your point is well taken. It makes no sense to me to issue 2 identical classes of shares. Furthermore I have not seen any analysis in the Globe or NP which clearly explains what this is all about. The only possible explanation is that at some point they will amend one class. However this would require the consent of the other class! Whatever it's all about, it certainly didn't help Noranda at a time when the metals in general have been making a nice move. Extremely irritating.