Canadian Warrants

The simplification of terms of the warrants should benefit all warrantholders, as
subject to TSE approval, the exercise ratio of one new warrant to one share will be
maintained should there be future adjustments to the shares as described in the
amended warrant indenture. In addition, there will be improved liquidity from the
public float increasing to approximately 1,319,000 from the current 388,000 warrants.

New warrant certificates (Cusip number 135825 12 3) will be issued in exchange for
existing warrant certificates (Cusip number 135825 11 5). Holders of existing
warrants will shortly receive a letter of transmittal from Montreal Trust Company of
Canada and they are requested to complete and return the document together with
warrants as directed. Warrantholders should only return their existing warrants to
the warrant agent after receiving the official letter of transmittal.

No fractions of the new warrants will be issued to holders. Fractions will be totalled
and the warrant agent will attempt to sell these in the market for the benefit of
entitled holders.
 
 
1995-02-13 04:32 MT - Warrants Called to Trade
 
Common share purchase warrants in respect of 952,005 common shares of Canadian General Investments will be listed and posted for trading on a when issued basis at the opening of business on February 15 1995. At the same time the common shares will commence trading on an ex-distribution basis to account for the pending issuance of the warrants.
 
Symbol: CGI.WT
Cusip No: 135825 11 5