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Warrant Symbol - DY.WT
Number  Trading -
Expiration Date -
Cusip -  267934 11 5

Warrant Symbol - DY.WT.B
Number  Trading -
Expiration Date -
Cusip -  267934 12 3

Warrants called to trade news:

1997-10-07 06:04 MT - New Listing

An application has been granted for the original listing on the TSE in the industrial category of 160,876,159 common shares, of which 113,527,972 shares will be issued and 47,348,187 shares will be reserved for issuance upon completion of the distribution by Sherritt International of a dividend in kind of common shares and warrants of Dynatec Corporation on the basis of one common share and one quarter short-term warrant of Dynatec for each restricted voting share of Sherritt held as of the close of business on Friday, October 10 1997.

Particulars of Sherritt's dividend in kind are contained elsewhere in today's bulletins.

The common shares and short-term warrants of Dynatec will initially trade in the form of units, each unit comprised of one common share and one quarter short-term warrant. The units will be listed and posted for trading on a when distributed basis at the opening on Wednesday, October 8 1997.

The common shares and short-term warrants comprising the units will not be separately transferable until the earlier of 4:00 pm (Toronto time) on November 5 1997 or such earlier time as may be determined by the company. Prior to the separation date, the units will be evidenced by legended common share certificates representing common shares and short-term warrants. After the separation date, the legended common share certificates will represent only common shares, and holders of units of record at the close of business on the separation date will receive a certificate representing short-term warrants as soon as practicable after the separation date.

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