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Warrants Alert

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Warrant Symbol - PWV.WT
Number  Trading -
Expiration Date - Feb. 15, 1999
Cusip - 694942 11 1

Warrants called to trade news:
1998-08-07 17:08 MT - New Listing

The common shares, common share purchase warrants and class A preferred shares of PacWest Ventures Ltd. will be posted for trading on the ASE at the opening of business on Aug. 11, 1998.
Common Shares
Stock symbol:  PWV
Security code:  ISM - 521 111
Cusip No:  694942 10 3
Transfer agent:  Montreal Trust Company
Agent:  Taurus Capital Markets and Matrix Financial
Wt symbol:  PWV.WT
Wt security code:  907 769
Cusip No:  694942 11 1
Wt expiry terms:  Each whole warrant entitles the holder to purchase one share at 60 cents up to Feb. 15, 1999.
Stock symbol:  PWV.PR.A
Security code:  ISM - 521 112
Cusip No:  694942 30 1
Terms:  7 per cent cumulative, convertible, redeemable; these shares are convertible to common shares on the basis of four common shares for each preferred share converted prior to 5:00 p.m. Toronto time, on the date that is 30 months following the initial issue date, three common shares for each preferred share converted thereafter and prior to 5:00 p.m. Toronto time on the date that is five years following the initial issue date and two common shares in exchange for each preferred share converted thereafter. The shares are redeemable by the company after the seventh anniversary date of the initial issue date unless during any consecutive 20 trading day period prior to the date upon which the notice of redemption is given, the arithmetic weighted average of board lot prices for sales of common shares on each day on the applicable stock exchange is not less than 120 per cent of the amount determined by dividing the issue price per preferred share by the conversion rate then in effect.

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