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Gold/Mining/Energy : Com Dev International -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (49)	3/23/1999 9:08:00 AM
From: Garry O'krafka	Read Replies (1) \| Respond to of 216

Com Dev International Ltd - Globe says Com Dev decides not to invest in consortium Com Dev International Ltd CDV Shares issued 35,108,984 1999-03-22 close $6.75 Tuesday Mar 23 1999 The Globe and Mail reports in its Tuesday, March 23, edition that Com Dev International has taken a pass on investing in the Skybridge LP satellite consortium. The Globe's Mark Evans writes that Val O'Donovan, Com Dev's chairman and chief executive officer, however, helped pick up the slack by making a $15.5-million investment in Skybridge through a private holding company, Technology Horizons. Mr. O'Donovan is Technology Horizon's largest investor with a 30 per cent stake and he also owns 18.7 per cent of Com Dev. Com Dev says Technology Horizons bought the stake after it was unable to find financing at attractive terms. Skybridge, led by France's Alcatel, plans to build and launch a system of 80 small satellites that can handle more information than conventional satellites. Technology Horizons can sell its interest in Skybridge to Com Dev at any time over the next four years, reports the Globe.