MSC and OSC Holding Hearings Relating to Aspen Properties Take-Over Bid for Consolidated Properties

News Release
Communiqué

The Manitoba Securities Commission

The Manitoba
Securities
Commission

Commission des
valeurs mobilières
du Manitoba

FOR IMMEDIATE RELEASE

October 27, 2000

1130-405 Broadway
Winnipeg, MB
R3C 3L6

MSC and OSC Holding Hearings Relating to
Aspen Properties Take-over Bid for Consolidated Properties

WINNIPEG and TORONTO, October 26, 2000: The Manitoba Securities Commission and the Ontario Securities Commission held a joint hearing considering applications made in connection with the take-over bid by Aspen Properties Ltd. for 30% of the common shares of Consolidated Properties Ltd.