514-932-9369 IMP405CO LIMITED I.29 Pe3 JLL 13 193 09:31
DRAF'P Itsiv M 1993
IMASCO LIMITED
600 de Maisounauve boulaverd West
201h I-loor
Monlreal. Quebec
113A 3K7
NOMCP OF I%11NT11ON TO
MAKE A NORAIAL COURSE ISSUER DID
In accordance with the Policy statements oil normal courst: issuer bids of T'ho Montreal Exchange. The Toronto
Stock Exchange and the Vancouver Stock Exchange (the 'Exchougen Inmuo Limited (Tmam') hereby provides
ntiticl: that it intends to nuke a normal coutw lauar bid (Ilic 'Offer') to purctillse certain of its outstanding
common shares ('Common Sharcs") as herentallar set forth.
I . 11-hares.14nitaht
rho numberof Common Shares which May be pUrdialli0d purstlant to the O(Tcr Will RUL CXCCcd LIM= C401moll
Shares. representing apprommatefy Im of the f 1 19.165:01 Common Shares outstanding.
2. Durnfing
The Offer will commence on %ugust & 1993 and will terminal* all later titan August 5. 1994.
3. Methnd or Atnuildilart
purchases purstizia to the Offer will be affected through the facilities of the ExchanSts and. subject to the
prowtsiojisofdti&Nntice.attimesasidinamounistoiv#Jctcrminedbyim,wo Thitpurchasso(iiallpsymantfor
the Common Shares will Ix- made by linaacti ta accordance with the by-lawit and rules of the Excluingue, at a priclit
equal to the market price of the Common Shares at thic time of acquisition, plus brokerage facs. Imasco intends
to finance its purchascs-from ar. Working capital slid will make no purchases of Common Shares other ituin open
markirt purchases during the period the Offer is outsianding.
4. Seasons for the Orrer
The number n(outstanding Common Shares is approaching the Authorized limit Established in Imam's articks.
C4mmon Shares purchased under the Offer vat fit effects be available for inn from treasury by the Board of
Vircctors: of Imasco. [Masao intends to purchase Common Shams to cover itilutments of options under Inutwo's
Stock Option Plan.
5. vah"fln"
Imasco, regularly reviews all atits businesses in light of their performance and their ability to create sharaboldler
value over time. None of these reviews are conclusive. nor are they intended to be conclusive. as to the valus; of
Imasco. its material assets or securitieL
The directors and offitcors of Imasco are not aware of any appraisal or valuation regarding Imasco. its material
assets or securities prepared within the two years; preccdinj %ha date of this Notice.
BAT Industries document for Province of British Columbia 12 April i999

[MASECC LIMITED 129 P04 JLL 13 193 09:32
6. Pre-Viftiv; Pumha.4es
During the 12 months fircoccling the date of this Notice. Ima-ica purchased 20.000 Common Shares through the
facilities of the Exchanges at an avienge price of S37.95 per share.
7. Acceptance by Initidem. %M11sles and Associates
To the knowledge of the directors and officers of Imasco. attar reasonable enquiry. iw director at 14mor officer
tit Imasco, no stsociate of& director or scamrofficcr of Imasco. no pemn actinjoinq or in concert with Immo
and no person holding 10%. or more of any class Of equity sacurifics of ]rnuco has a present intention to sell
Common Shares during -.,le period of the Offer. However, it the circumstances or decisions of any web person
change, such person movsell Common Shares through the facilities of the Exchangesorotherwiss during the said
period.
S. Material Qlanets in the 61ttin of Imaxer)
Them are na material Chances tit plaits or propos-Als for material changes in the affairs of Imasco, which have not
llecn generally disclosed.
1. Ray R. Schwartz. Senior Vice-Prosident of lman-o. dulyauthnrizad by the Uoard of Direcuw3 of Imasco. hereby
cortiry tha, the foregoing Notice is complete andaccurate and in compliance with Um policy statemartm by-laws
and rules of the Exclianges tin nonnal count issuer bids. that the coutcaus Of his Notice and Lho Making of the
Offer have been authorized by the Board of Directon of Imascot and &hag the Notwe vontains no uatrua Statement
of a maieriAl feet And does not .11nit to stage a Mateiial fact that is required to, be stated or that is necessary to
make a statement not mWeading in he light or the circumstances in which i, is made.
DATED at Montreal, this 291h day of July. 1993.
Roy R. Schwartz
CD
CD
co
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BAT Industries document for Province of British Columbia 12 April `1999