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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF -- Ignore unavailable to you. Want to Upgrade?

To: Syncrude who wrote (121)	4/12/1999 6:59:00 PM
From: Mr. Oil	Respond to of 776

Syncrude this is what I found. From Nov 25, 98 NR >>The purchase price for the two subsidiaries will be approximately $13.0 million. The proceeds will be used by Signature in part to retire debt of approximately $6,900,000 and other liabilities and expenses of approximately $300,000. The balance of the proceeds less any potential redemption or repurchase amounts which may be paid out to preferred shareholders are proposed to be used to invest in other business opportunities. I used an approximate cash value of $6,000,000 but this may be reduced by the buy back if preferred shareholders accept the deal. With no vote on it as yet as it appears and the prospects of a Internet deal in the works preferred shareholders may not be interested to take the offer. They just may want to wait. As to outstanding shares I am not sure yet but will try to find out from the TSE. Ray