Cordex to pay Strong $200,000 on asset sale

Article Abstract:

Cordex Petroleums Inc. of Denver, CO, will compensate its chairman, Maurice Strong, with the payment of $200,000 for his role in the sale of most of the firm's assets. Strong, the former head of Ontario Hydro who also works as an unpaid adviser to UN Secretary-General Kofi Annan, has been credited by the company's board for his work in negotiating the $21-million divestiture of the firm's oil and gas holdings in South America to Gener SA of Chile. Strong, also the firm's biggest investor with a 17.3%-stake in the company, is expected to receive the payment at the deal's completion.

Comment:

Will compensate its chairman, Maurice Strong, with the payment of $200,000 for his role in the sale of most of the firm's assets

Asset sales & divestitures, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Personal income information, Petroleum industry, Natural gas, Petroleum, Gas industry, Cordex Petroleums Inc.

---

YBM shareholder prepares for battle

Article Abstract:

YBM Magnex International Inc.'s major shareholder, Connor Clark & Lunn Investment Management Ltd., is preparing to fight the company's board. Connor Clark of Vancouver, BC, holds about 16% of YBM. According to Connor Clark's lawyer Wesley Voorheis, YBM officials are planning to acquire a company in Eastern Europe despite problems already raised about the operation by the company's former auditors. Voorheis wants the company to appoint him into YBM's board of directors so they can start an independent investigation into the company's operations.

Comment:

Major shareholder, Connor Clark & Lunn Investment Management, is preparing to fight the company's board

Motorcycle, Bicycle, and Parts Manufacturing, Stockholder data, Bicycles, YBM Magnex International Inc.

---

Dissident Repap shareholders remove chairman

Article Abstract:

A group of dissident shareholders led by TD Asset Management Inc and CEO Stephen Larson has succeeded in ousting Steven Berg as chairman of Repap Enterprises Inc of Stamford, CN. The group has asked the shareholders during tha annual meeting to vote out Berg because they believe he is overpaid. The shareholders elected a slate of seven directors nominated by the dissidents. Repap posted a loss of $22.8 million in the 1st half 1999, after losing $51.4 million in FY98.

Executive changes & profiles, Paper & Allied Products, Paper Manufacturing, Paper industry, Repap Enterprises Inc.

Similar abstracts:

• Abstracts: Spanking on trial: should parents ever strike their children? Mightily cheesed off: a proposal to ban raw-milk cheese draws scorn
• Abstracts: A parting of ways. The princess rattles the royals. Divorce, Chuck-and-Di style
• Abstracts: WIC on verge of deal to divide assets. WIC president resigns, saying role changed after takeover battle
• Abstracts: GM expected to spin off 20% stake in Delphi. Mitsubishi defines 'significant changes.'
• Abstracts: Time sharing fuels jet sales. Bombardier soars on jet orders, but turbulence may loom ahead. Bombardier strikes 'huge' deal with Northwest

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.