(PPI) TSX
CALGARY, March 2 /CNW/ - Proprietary Industries Inc. ("Proprietary")
today confirmed that it is in discussions with third parties with respect to a
potential acquisition of certain energy assets. However, there can be no
assurance that an agreement will be reached with such third parties, or that
if an agreement is reached, that a transaction will be consummated.
About Proprietary:
Proprietary is a principal merchant bank based in Calgary, Alberta. It is
listed on the Toronto Stock Exchange trading under the symbol PPI.
Forward-looking statements: This document contains statements about
expected or anticipated future events and financial results that are forward-
looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events, and
the Corporation's capability to execute and implement its future plans. Actual
results may differ materially from those projected by management. For such
statements, we claim the safe harbour for forward-looking statements within
the meaning of the Private Securities Legislation Reform Act of 1995.
