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Gold/Mining/Energy : IMARK Corporation (IAK was Durkin Hayes DHP)

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To: Bron-y-aur who wrote (30)5/5/1998 5:35:00 PM
From: Bron-y-aur  Read Replies (1) of 57 on dhp
2. anyone have a sense of how last quarter shaped up. certainly last report to shareholders sounded like some intitiatives undertaken could serve to turn things around...

sam g

Sold Remaining Holdings in Durkin Hayes [170]

Canadian Market News from Market News Publishing, Monday, May 04, 1998 at 20:35

Algonquin Mercantile Corporation ("Algonquin") announces that it has
sold privately 4.6 million shares representing substantially all of its
remaining holdings in Durkin Hayes Publishing Ltd. for proceeds of $2.3
million, which approximates its carrying cost.

- The transaction will close June 15, 1998.
- Algonquin will use the proceeds of the sale to reduce debt and to support
the expansion of its subsidiary Automodular Assemblies Inc.

TEL: (905) 841-4473 Algonquin Mercantile Corporation
FAX: (905) 841-2714 Winston R. Ash
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