Aqueduct Foundation

October 29, 2007 18:15 ET

Aqueduct Foundation: Acquisition of Buhler Industries Inc. Shares as Charitable Donation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Aqueduct Foundation ("AF") today acquired ownership of 4,122,000 common shares of Buhler Industries Inc. ("BUI") representing 16.48% of the currently issued common shares of BUI.

AF is a charitable foundation and received these shares as a charitable donation. Immediately following receipt of these shares, AF tendered them to the takeover bid made by Combine Factory Rostselmash Ltd. for the common shares of BUI. AF intends to sell any shares not taken up in the bid in the open market.

This press release is issued pursuant to section 111 of the Securities Act (British Columbia) and the equivalent provisions of securities legislation in other provinces in Canada in which BUI is a reporting issuer.

Contact Information

  • Aqueduct Foundation
    Rod Scheuerman
    (604) 718-7100