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Gold/Mining/Energy : Trailmobile Canada TMX (formerly MII) -- Ignore unavailable to you. Want to Upgrade?

To: Wizzer who wrote (341)	5/28/1999 3:55:00 PM
From: Mario Gallant	Read Replies (1) \| Respond to of 406

You would think that with a news like that the market would of responded by driving the price up with good volume. Maybe this explains the recent run up that we have seen. Mario.

To: Wizzer who wrote (341)	6/9/1999 10:11:00 AM
From: JOE TURMAINE	Respond to of 406

Wizzer, looks like they are not wasting any time getting this rights offering out!! >>MOND ANNOUNCES $2.8 MILLION RIGHTS OFFERING MISSISSAUGA, ON-- Mond Industries Inc. ("Mond") today announced that it intends to proceed with a rights offering (the "Rights Offering" or the "offering") to its shareholders. Under the terms of the offering, shareholders of record on June 17, 1999 will be entitled to one right for each common share held. Four rights will entitle the rights holder to subscribe for one common share at the subscription price of $0.31 per share. After full exercise of the rights, 8,975,000 common shares will be issued for gross proceeds of $2,782,250. The net proceeds of the offering will be used primarily to finance the expansion of the Company's manufacturing capacity at its Mississauga, Ontario plant and improve plant productivity, with the balance to be used for working capital. Rights holders must exercise their conversion privileges by 4:00 p.m. (Eastern Standard Time) on July 9, 1999 (the expiry date). Rights holders who exercise their rights in full are entitled to subscribe for additional common shares at the subscription price of $0.31 per common share (the "Additional Subscription Privilege") to be alotted from the common shares, if any, not taken up under the Rights Offering in the initial subscription round. Chicago-based Trailmobile Corporation, Mond's controlling shareholder, has agreed to exercise rights to acquire its pro rata share of common shares (54.3%) issuable pursuant to the offering and to subscribe for additional shares subject to the "Additional Subscription Privilege" available to all shareholders. Further details of the Rights Offering are included in the Company's Rights Offering Circular which will be sent to registered shareholders on June 18, 1999. About Mond Mond Industries Inc. ("Mond") manufactures dry freight trailers for commercial trucking customers in Canada and the United States. In December 1998, Chicago-based Trailmobile Corporation acquired a majority equity interest in Mond. Together they form North America's third largest trailer manufacturer, with an extensive sales and distribution network throughout North America. Mond is listed on The Toronto Stock Exchange under the symbol "MII". The Company's head office is located in Mississauga, Ontario. - 30 - FOR FURTHER INFORMATION PLEASE CONTACT: Craig Armitage or Bruce Wigle Denis Arsenault, The Barnes Organization Inc. Chief Financial Officer (416) 367-5000 Mond Industries Inc. (905) 565-9500 << JOE