Canadian Warrants

A total of 4,300,000 class B subordinate voting shares of the company and 2,150,000 class B subordinate voting share purchase warrants will be listed on the Montreal exchange at the close of business on July 2 1991, and will be admitted to trading in the form of units on an if, as and when issued basis at the opening of business on July 3 1991.

The units will be admitted to trading on a regular basis, and a notice will be issued to this effect, following the July 3 1991 closing of the underwriting of the issue pursuant to a short form prospectus dated June 20 1991.

The 4.3 million units were offered to the public under the terms of the prospectus at $23.25 each, each unit consisting of one class B subordinate voting share and one half of a warrant.

If the primary distribution has not been completed on July 3 1991, when the units are to be admitted to trading, members must trade, on the exchange, all of the units which have already been distributed to the public, and members of the banking and selling groups must complete, off the exchange, all sales which form part of the primary distribution. In this matter, they will be exempted from the provisions of article 6004 of the exchange which require that all trading in listed securities be done on the exchange.

The warrants are not severable from the class B subordinate voting shares until after a date determined by the company, the European managers and the underwriters which will be no later than September 30 1991.

Each whole warrant will entitle the holder to purchase one class B subordinate voting share for $25.00. The warrants will be exercisable after the warrants and class B subordinate voting shares are separately tradeable, and on or before December 15 1993, after which date the warrants will expire.
 
Transfer agent:  National Trust
Unit security No:  871835
Unit Cusip No:  878742 80 8
Wt security No:  915225
Wt Cusip No:  878742 12 1