Prime Equities shifts to medicine from mining

Article Abstract:

Prime Equities International Corp. has shifted from a mining company into a medical firm under a new name, MedEra Life Sciences Corp. The transformed company now led by Dr. Michael Pezim, son of the late founder Murray Pezim, took on its first acquisition in a British Columbian firm called CyberActive Technology Ltd., paying its shareholders with 532,000 shares of MedEra, which currently trade for a little lower than C$1 each. Pezim said MedEra aims to acquire or develop other health care companies, and gradually eliminate the company's interests in mining and exploration projects.

Comment:

Shifts from a mining co into a medical firm under a new name, MedEra Life Sciences Corp

Health Care and Social Assistance, Organizational nomenclature, Medical & Health Services, Mining (except Oil and Gas), Mining ex Petroleum, Mining industry, Medical care, Mining, Article, MedEra Life Sciences Corp., Prime Equities International Corp.

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RJR layer questions smoking-related law

Article Abstract:

Canada's three tobacco companies have sued the government of British Columbia over the province's efforts to recover billions of dollars of spent on tobacco-related health care costs. The province used its newly enacted Tobacco Damages and Health Care Costs Recovery Act to sue the tobacco companies, their affiliates and tobacco lobby groups in Nov 1999. The law allows the government to sue the tobacco makers on behalf of smokers without the need to name individial smokers. The three companies are RJR-Macdonald Corp, Imperial Tobacco Ltd and Rothmans Benson and Hedges Inc.

Government regulation (cont), Tobacco Products, Tobacco Manufacturing

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Alcoa, Alumax delay decision on investing in B.C. smelter

Article Abstract:

Pittsburgh, PA-based Alcoa Inc, the world's biggest aluminum firm, and Norcross, GA-based Alumax Aluminum Corp put on hold their plans to invest in an aluminum smelter in British Columbia, Canada, due to weak commodity prices. The investment plans would have given thousands of people jobs under the province's Power for Jobs accord. The two companies had signed memoranda of understanding with British Columbia to conduct feasibility studies.

Other Aluminum Rolling and Drawing, Aluminum Mill Products, Alcoa Inc.

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