NEWS IN BRIEF (July 15, 1996)

Consolidated Madison Holdings (KAD-V) and Future Avenir (FAVC.A-V) (FAVC.B-V) have amalgamated to form Ourominas Minerals (OMI-V). Consolidated Madison shareholders receive 0.6 new shares for one old share. Future Avenir shareholders receive 0.9 new shares for one old share.

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