An offer has been made by Prime Equities International (VSE) to acquire all outstanding shares of a Vancouver-based shell company, Encore Ventures (VSE). Under the offer, Encore shareholders will receive one common share of Prime in exchange for 2.5 Encore shares.
Prime, which holds a 17.33% interest in Encore, will not pursue the offer unless it can acquire a total interest of 50.1%. The offer is open until Oct. 20, 1992.
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