| Effective at the opening, Concord Pacific Group Inc. was
posted and called for trading on the Vancouver Stock Exchange. The company is classified
as an "Advanced" company and trades under the symbol "CPN". Pursuant
to a Plan of Arrangement approved by the Ontario Court of Justice (General Division) on
May 28, 1998, Burcon Properties Ltd. (VSE/TSE interlisted under trading symbol BUO)
combined with its 51% owned subsidiary, Oxford Properties Group Inc. (TSE trading symbol
OXG). As part of the Plan of Arrangement, 70% of the shares of CPN, previously a wholly
owned subsidiary of BUO, were "spun-off" to the shareholders of BUO.
CPN is engaged in the ownership, development and management of residential real estate
in Canada. Its principal assets are:
- Concord Pacific Place, a residential condominium project in Vancouver, B.C. which owns
lands or options to acquire land upon which up to 4,724 residential condominium units may
be developed; and
- A 50% interest in CityPlace, a 44 acre site in downtown Toronto, Ontario zoned to permit
the development of 5.4 million buildable square feet of residential and commercial space.
The shares of Burcon were delisted from Vancouver and the shares of Oxford Properties
Group Inc. continue to trade on the Toronto Stock Exchange.
CPN’s capitalization is unlimited with 33,314,805 common shares currently issued
and outstanding. Montreal Trust Company is the transfer agent.
For further information, please refer to the Burcon Properties Ltd. Information
Circular dated April 24, 1998.
CONCORD PACIFIC GROUP INC.
Terence Hui, President
9th floor, 1095 West Pender Street
Vancouver, BC V6E 2M6
Phone: (604) 681-8882 |
