CED-OR CORPORATION
TSX VENTURE : COQ

CED-OR CORPORATION

May 26, 2005 08:30 ET

Ced-Or Corporation: Preparing a Private Placement of $500,000 'CA'

MONTREAL, QUEBEC--(CCNMatthews - May 26, 2005) - Ced-Or Corporation ("Ced-Or") (TSX VENTURE:COQ) announces that it is currently preparing a private placement with Groupe Manexco Inc. ("Manexco"), the majority shareholder of Ced-Or, according to which Ced-Or would issue to Manexco 2,500,000 common shares of its capital stock at $0,20 (CA) per share for a total of $ 500,000 (CA) and 2,500,000 warrants, that is one warrant per share. Each warrant allows its holder to subscribe to one common share in the capital stock of Ced-Or at $0,40 (CA) per share within 24 months from the date of the placement.

The proceeds from the said $ 500,000 (CA) placement, will be primarily to finance the activities to finalize the value-added and cedar oriented strand board ("OSB") project in Bearn, Temiscamingue.

Ced-Or common shares trade on the TSX Venture Exchange

The TSX Venture Exchange is not responsible in any way whatsoever for the authenticity or accuracy of this release.

Contact Information

  • Ced-Or Corporation
    Jean Paul Cossette
    Chairman
    (514) 396-2600
    or
    Ced-Or Corporation
    Luc Carpentier
    Director, Administration and finances
    (819) 440-2600
    (514) 396-3359 (FAX)
    montreal@ced-or.com
    or
    Manexco Groupe Inc.
    Jean Paul Cossette
    Chairman
    (514) 396-2600