BOREALIS EXPLORATION LIMITED GRANTED CONTINUANCE OUT OF CANADA
London, United Kingdom.
Borealis Exploration Limited (CDN: BSXC, BB-BOREF) wishes to announce it has received formal approval from the Government of Canada for a continuance out of Canada.
Borealis Exploration Limited is in the process of completing a continuance into Gibraltar, a British Dominion within the European Union.
Borealis Exploration Limited expects the effective/valuation date of the transaction to be October 19, 1998.
Borealis Exploration Limited shares will continue to trade in Canada (CDN:BSXC) and in the USA (BB-BOREF) and the company has no plans to de-list from these markets. Shareholder rights will remain the same or better.
Borealis Exploration Limited has 4,991,000 shares outstanding.
Disclaimer: The disclaimer can be found at http://www.borealis.com/ForwardLookingStatement.htm
Last Updated on Thursday, February 22, 2001.
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Wheeltug and Chorus are Registered Trade Marks of Borealis Technical Limited
Forward-Looking Statement may be found at http://www.borealis.gi/fwdlook.shtml