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JOINT PRESS RELEASE BY TRANS HEX AND BENCO - AMENDMENT

Release Date: 17/12/1999 10:29
Code(s): TSX BNC
Wrap Text
AMENDMENT TO ANNOUNCEMENT RELEASED EARLIER TODAY

REFERENCE IS MADE TO TERMS OF THE BENCO MERGER WHICH SHOULD READ AS FOLLOWS:
TERMS OF THE BENCO MERGER

CONSIDERATION: 4,79165 TRANS HEX ORDINARY SHARES PER 100 ORDINARY BENCO SHARES.
BASED ON THE BENCO MERGER TERMS, HOLDERS OF FEWER THAN 2087 ORDINARY BENCO
SHARES WILL HOLD LESS THAN 100 TRANS HEX ORDINARY SHARES AFTER THE BENCO
MERGER. THESE SHAREHOLDERS WILL BE OFFERED AN OPPORTUNITY TO "BUY UP" SO AS TO
AVOID BECOMING ODD LOT HOLDERS IN TRANS HEX AFTER THE BENCO MERGER, AT THE
EQUIVALENT OF 35 CENTS PER ORDINARY BENCO SHARE HELD.

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