<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. 1)
RIO ALGOM LIMITED
(Name of Issuer)
Common Shares
(Title of Class of Securities)
766889109
(CUSIP Number)
Kevin N. Thompson
Vice-President, Secretary and General Counsel
Noranda Inc.
P.O. Box 755, BCE Place, 181 Bay Street, Suite 4100
Toronto, Ontario M5J 2T3
(416) 982-7475
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 20, 2000
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [ ].
(Continued on following pages)
(Page 1 of 7 Pages)
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<PAGE> 2
---------------------------- ------------------------------
CUSIP No. 766889109 13D Page 2 of 7 Pages
---------------------------- ------------------------------
<TABLE>
<CAPTION>
<S> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NORANDA INC.
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
NOT APPLICABLE (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 4,255,100
SHARES -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NOT APPLICABLE
EACH -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 4,255,100
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,255,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
NOT APPLICABLE [ ]
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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</TABLE>
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CUSIP No. 766889109 13D Page 3 of 7 Pages
---------------------------- ------------------------------
<TABLE>
<CAPTION>
<S> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
BRASCAN CORPORATION
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) [ ]
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF NOT APPLICABLE
SHARES -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NOT APPLICABLE
EACH -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH NOT APPLICABLE
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,255,100 SHARES HELD INDIRECTLY THROUGH ITS INTEREST IN ITS AFFILIATE, NORANDA INC.
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
NOT APPLICABLE
-------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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</TABLE>
<PAGE> 4
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CUSIP No. 766889109 13D Page 4 of 7 Pages
---------------------------- ------------------------------
<TABLE>
<CAPTION>
<S> <C>
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
EDPERPARTNERS LIMITED
--------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e) [ ]
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ONTARIO, CANADA
--------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF NOT APPLICABLE
SHARES -------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NOT APPLICABLE
EACH -------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH NOT APPLICABLE
-------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,255,100 SHARES HELD INDIRECTLY THROUGH ITS INTEREST IN ITS AFFILIATE, NORANDA INC.
--------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
NOT APPLICABLE
--------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
--------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
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</TABLE>
<PAGE> 5
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CUSIP No. 766889109 13D Page 5 of 7 Pages
---------------------------- ------------------------------
This Amendment No. 1 to Schedule 13D, which was originally filed on
April 24, 2000 (the "Original Schedule 13D"), relating to the Common Shares of
Rio Algom Limited ("Rio Algom"), a corporation incorporated under the laws of
the Province of Ontario, Canada, is being filed by Noranda Inc. ("Noranda"),
Brascan Corporation, formerly named EdperBrascan Corporation ("Brascan"), and
EdperPartners Limited ("EdperPartners"), with Noranda, Brascan and
EdperPartners being sometimes referred to hereinafter as the "Reporting
Persons." Except as set forth in this Amendment No. 1, the information
contained in the Original Schedule 13D has not changed. All dollar amounts
shown in the Original Schedule 13D and this Amendment No. 1 are in Canadian
dollars.
ITEM 2. IDENTITY AND BACKGROUND.
Noranda is a corporation incorporated under the laws of the Province of
Ontario, Canada. Noranda is a leading international mining and metals company
and its common shares are listed on The Toronto Stock Exchange. Noranda's
principal address and business address is P.O. Box 755, Suite 4100, BCE Place,
181 Bay Street, Toronto, Ontario, M5J 2T3.
Brascan is a corporation incorporated under the laws of the Province of
Ontario, Canada. Brascan is a natural resources, energy and property company
that is listed on the Toronto and American Stock Exchanges. Brascan's principal
address and business address is Suite 4400, BCE Place, 181 Bay Street, Toronto,
Ontario, M5J 2T3.
EdperPartners is a corporation incorporated under the laws of the
Province of Ontario, Canada. EdperPartners is a private holding company.
EdperPartners' principal address and business address is P.O. Box 770, Suite
4400, BCE Place, 181 Bay Street, Toronto, Ontario, M5J 2T3.
Brascan and associated companies own approximately 40% of the
outstanding common shares of Noranda. EdperPartners holds a 100% interest in
the Class B Limited Voting Shares, and an approximate 10% interest in the Class
A Limited Voting Shares, of Brascan. The common shares of EdperPartners are
owned directly or indirectly by a number of individuals including the following
individuals who are also directors and/or executive officers of Noranda: Jack
L. Cockwell, J. Trevor Eyton, Robert J. Harding, David W. Kerr, Dave Goldman,
George E. Myhal, Aaron W. Regent and Martin Schady.
The name, citizenship, present position with the Reporting Persons,
present principal occupation and business address of each of the directors and
executive officers of the Reporting Persons are set forth in Exhibit 99.1
hereto, which exhibit is hereby incorporated by reference into this Schedule
13D.
None of the Reporting Persons or the persons listed in Exhibit 99.1 has
during the last five years been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors) or was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activity subject to, the federal or state securities laws of the
United States or finding any violation with respect to such laws as a result of
a civil proceeding of a judicial or administrative body of competent
jurisdiction.
<PAGE> 6
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CUSIP No. 766889109 13D Page 6 of 7 Pages
---------------------------- ------------------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The total amount of funds used by Noranda to purchase the Common Shares
of Rio Algom that give rise to the obligation to make this filing as listed in
Item 5(c) of this Amendment No. 1 was approximately $11.1 million. Noranda
obtained such funds from cash on hand.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Noranda owns 4,255,100 Common Shares of Rio Algom, representing
approximately 7.0% of the outstanding Common Shares of Rio Algom (based upon
the 60,625,924 Common Shares reported as outstanding by Rio Algom in its Annual
Report for its fiscal year ended December 31, 1999). Brascan and EdperPartners
do not directly own any Common Shares of Rio Algom, but may be deemed to
beneficially own the Common Shares of Rio Algom held by Noranda. None of the
persons listed in Exhibit 99.1 has any direct or indirect interest in Rio Algom
as of the date of this Amendment No. 1, other than Mr. Saul Shulman who may be
deemed to beneficially own 1,000 Common Shares of Rio Algom held in his wife's
name.
(b) Noranda has the sole power to direct the vote and sole power to
direct the disposition of all the Common Shares of Rio Algom held by it. The
other Reporting Persons have the indirect power to direct the vote and to
direct the disposition of the Common Shares of Rio Algom held by Noranda
through their respective direct and/or indirect interests in Noranda.
(c) Since the date of the Original Schedule 13D, Noranda made the
following purchases of Common shares of Rio Algom: 106,500 shares on June 7,
2000 at $17.344 per share; 68,600 shares on June 8, 2000 at $17.336 per share;
36,400 shares on June 9, 2000 at $17.4791 per share; 102,700 shares on June 14,
2000 at $17.50 per share; 20,000 shares on June 16, 2000 at $17.30 per share;
and 305,800 shares on June 20, 2000 at $17.2494 per share. Noranda made each of
these purchases from a broker.
(d) Not applicable.
(e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
99.1 Schedule of Directors and Executive Officers of the Reporting
Persons
99.2 Joint Filing Agreement Required by Rule 13d-1(k)(incorporated by
reference to Exhibit 99.2 to the Original Schedule 13D)
<PAGE> 7
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
June 23, 2000 NORANDA INC.
By: /s/ AARON W. REGENT
-----------------------------
Name: Aaron W. Regent
Title: Executive Vice-President,
Chief Financial Officer
EDPERPARTNERS LIMITED
By: /s/ DAVID W. KERR
------------------------------
Name: David W. Kerr
Title: Co-Chief Executive
BRASCAN CORPORATION
By: /s/ JACK L. COCKWELL
-----------------------------
Name: Jack L. Cockwell
Title: President and Chief
Executive Officer
<PAGE> 8
EXHIBIT 99.1
<TABLE>
<CAPTION>
EDPERPARTNERS LIMITED
---------------------
PRINCIPAL BUSINESS BUSINESS ADDRESS
POSITION WITH (OR RESIDENCE
CORPORATION; PRINCIPAL ADDRESS IF NO BUSINESS
NAME; CITIZENSHIP OCCUPATION, IF DIFFERENT ADDRESS AVAILABLE)
----------------- ------------------------ ------------------
<S> <C> <C>
Gordon E. Arnell Director of EdperPartners P.O. Box 770
Canadian Limited; Chairman of Suite 4440, BCE Place
Brookfield Properties 181 Bay Street
Corporation Toronto, Ontario
M5J 2T3
Jack L. Cockwell Director and Co-Chief P.O. Box 762
Canadian Executive of EdperPartners Suite 4400, BCE Place
Limited; President and Chief 181 Bay Street
Executive Officer of Toronto, Ontario
Brascan Corporation M5J 2T3
J. Trevor Eyton Director of EdperPartners P.O. Box 762
Canadian Limited; Director of Suite 4400, BCE Place
Brascan Corporation 181 Bay Street
Toronto, Ontario
M5J 2T3
J. Bruce Flatt Director of EdperPartners P.O. Box 770
Canadian Limited; President and Chief Suite 4440, BCE Place
Executive Officer of 181 Bay Street
Brookfield Properties Toronto, Ontario
Corporation M5J 2T3
Robert J. Harding Director of EdperPartners P.O. Box 762
Canadian Limited; Chairman of Suite 4400, BCE Place
Brascan Corporation 181 Bay Street
Toronto, Ontario
M5J 2T3
</TABLE>
<PAGE> 9
<TABLE>
<S> <C> <C>
David W. Kerr Director and Co-Chief P.O. Box 755
Canadian Executive of EdperPartners Suite 4100, BCE Place
Limited; President and Chief 181 Bay Street
Executive Officer of Noranda Toronto, Ontario
Inc. M5J 2T3
Brian D. Lawson Director and Secretary- P.O. Box 762
Canadian Treasurer of EdperPartners Suite 4400, BCE Place
Limited; Managing Partner, 181 Bay Street
Merchant Banking of Trilon Toronto, Ontario
Financial Corporation M5J 2T3
George E. Myhal Director of EdperPartners P.O. Box 762
Canadian Limited; President and Chief Suite 4400, BCE Place
Executive Officer of Trilon 181 Bay Street
Financial Corporation Toronto, Ontario
M5J 2T3
Timothy R. Price Director and President of P.O. Box 771
Canadian EdperPartners Limited; Suite 4420, BCE Place
Chairman of Trilon Financial 181 Bay Street
Corporation Toronto, Ontario
M5J 2T3
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
NORANDA INC.
------------
PRINCIPAL BUSINESS BUSINESS ADDRESS
POSITION WITH (OR RESIDENCE
CORPORATION; PRINCIPAL ADDRESS IF NO BUSINESS
NAME; CITIZENSHIP OCCUPATION, IF DIFFERENT ADDRESS AVAILABLE)
----------------- ------------------------ ------------------
<S> <C> <C>
Alex G. Balogh Director; non-executive P.O. Box 755
Canadian Deputy Chairman of Noranda Suite 4100, BCE Place
Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
Andre Berard Director of Noranda Inc.; 600 rue de La Gauchetiere Ouest
Canadian Chairman of the Board and 4th Floor
Chief Executive Officer of Montreal, Quebec
National Bank of Canada H3B 4L2
(banking)
David L. Bumstead Director of Noranda Inc.; P.O. Box 755
Canadian Executive Vice-President, Suite 4100, BCE Place
Corporate Development of 181 Bay Street
Noranda Inc. Toronto, Ontario
M5J 2T3
Jack L. Cockwell Director of Noranda Inc.; P.O. Box 762
Canadian President and Chief Executive Suite 4400, BCE Place
Officer of Brascan 181 Bay Street
Corporation Toronto, Ontario
M5J 2T3
V. Maureen Kempston Darkes Director of Noranda Inc.; 1908 Colonel Sam Drive
Canadian President and General Oshawa, Ontario
Manager of General Motors of L1H 8P7
Canada Limited (international
motor vehicle manufacturer)
Rene Dufour Director of Noranda Inc.; Ecole Polytechnique
Canadian Corporate Director 2900 Edouard-Montpetit
P.O. Box 6079
Station Centre Ville
Montreal, Quebec
H3C 3A7
</TABLE>
<PAGE> 11
<TABLE>
<S> <C> <C>
J. Trevor Eyton Director of Noranda Inc.; P.O. Box 762
Canadian Director, Brascan Suite 4400, BCE Place
Corporation; Member of the 181 Bay Street
Senate of Canada Toronto, Ontario
M5J 2T3
A.L. (Al) Flood Director of Noranda Inc.; 26th Floor
Canadian Chairman, Executive Commerce Court North
Committee of the Canadian Toronto, Ontario
Imperial Bank of Commerce M5L 1A2
(banking)
Robert J. Harding Director of Noranda Inc.; P.O. Box 762
Canadian Chairman of Brascan Suite 4440, BCE Place
Corporation 181 Bay Street
Toronto, Ontario
M5J 2T3
David W. Kerr Director of Noranda Inc.; P.O. Box 755
Canadian President and Chief Executive Suite 4100, BCE Place
Officer of Noranda Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
James W. McCutcheon Director of Noranda Inc.; Toronto-Dominion Bank Tower
Canadian Counsel, McCarthy Tetrault Toronto-Dominion Centre
(law firm) Toronto, Ontario
M5K 1E6
Frank J. McKenna Director of Noranda Inc.; Moncton Place
Canadian Counsel, McInnes Cooper 655 Main Street
(law firm) Moncton, New Brunswick
E1C 8T6
George E. Myhal Director of Noranda Inc.; P.O. Box 771
Canadian President & Chief Executive Suite 4420,
Officer of Trilon Financial BCE Place
Corporation (financial 181 Bay Street,
services) Toronto, Ontario
M5J 2T3
</TABLE>
<PAGE> 12
<TABLE>
<S> <C> <C>
Barbara J. Rae Director of Noranda Inc.; 3-2206 Folkestone Way
Canadian Corporate Director West Vancouver,
British Columbia
V7S 2X7
Rick J. Anderson Senior Vice-President, P.O. Box 755
Canadian Controller of Noranda Inc. Suite 4100, BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
David Goldman Executive Vice-President and P.O. Box 755
Canadian Chief Operating Officer of Suite 4100, BCE Place
Noranda Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
George Jones Senior Vice-President, Zinc of P.O. Box 755
Canadian Noranda Inc. Suite 4100, BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
Michael J. Knuckey Executive Vice-President, P.O. Box 755
Canadian Exploration and Project Suite 4100, BCE Place
Development of Noranda Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
Yvon Paquin Senior Vice-President, Copper P.O. Box 755
Canadian of Noranda Inc. Suite 4100, BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
Aaron W. Regent Executive Vice-President, P.O. Box 755
Canadian Chief Financial Officer Suite 4100, BCE Place
of Noranda Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
Kathy Rethy Senior Vice-President, Shared P.O. Box 755
Canadian Business Services of Noranda Suite 4100, BCE Place
Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
</TABLE>
<PAGE> 13
<TABLE>
<S> <C> <C>
David Rodier Senior Vice-President, P.O. Box 755
Canadian Environment, Safety and Suite 4100, BCE Place
Health of Noranda Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
Martin G.R. Schady Senior Vice-President, P.O. Box 755
Canadian Corporate Development of Suite 4100, BCE Place
Noranda Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
Robert Sippel Senior Vice-President, P.O. Box 755
Canadian Recycling of Noranda Inc. Suite 4100, BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
Kevin N. Thompson Vice-President, Secretary and P.O. Box 755
Canadian General Counsel of Noranda Suite 4100, BCE Place
Inc. 181 Bay Street
Toronto, Ontario
M5J 2T3
Lance S. Tigert Senior Vice-President, Project P.O. Box 755
Canadian Development of Noranda Inc. Suite 4100, BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
</TABLE>
<PAGE> 14
<TABLE>
<CAPTION>
BRASCAN CORPORATION
-------------------
PRINCIPAL BUSINESS BUSINESS ADDRESS
POSITION WITH (OR RESIDENCE
CORPORATION; PRINCIPAL ADDRESS IF NO BUSINESS
NAME; CITIZENSHIP OCCUPATION, IF DIFFERENT ADDRESS AVAILABLE)
----------------- ------------------------ ------------------
<S> <C> <C>
Roberto P. Cezar de Andrade Director and Group Chairman, Ave. Epitacio Pessoa
Brazilian Brazilian Operations of 756, ap. 401
Brascan Corporation; Ipanema
Chairman of Brascan Brazil 22471-000
Ltd. (diversified company, Rio de Janeiro, Brazil - RJ
with natural resource, real
estate and financial and
business service operations)
Hon. Conrad M. Black Director of Brascan 10 Toronto Street
Canadian Corporation; Chairman and Toronto, Ontario
Chief Executive Officer of M5C 2B7
Hollinger Inc., Argus
Corporation Limited, Southam
Inc. and Hollinger
International Inc.; Chairman,
Telegraph Group Limited
(publishing companies)
James J. Blanchard Director of Brascan 901-15th St. N.W.
American Corporation; Partner Verner, Washington, D.C.
Liipfert, Bernhard, McPherson U.S.A. 20005
and Hand (law firm)
Jack L. Cockwell Director, President and Chief P.O. Box 762
Canadian Executive Officer of Suite 4400,
Brascan Corporation BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
</TABLE>
<PAGE> 15
<TABLE>
<S> <C> <C>
J. Trevor Eyton Director of Brascan P.O. Box 762
Canadian Corporation; Member of the Suite 4400, BCE Place
Senate of Canada 181 Bay Street
Toronto, Ontario
M5J 2T3
Julia E. Foster Director of Brascan 89 Old Forest Hill Road
Canadian Corporation; Corporate Toronto, Ontario
Director M5P 2R6
James K. Gray Director of Brascan Ste. 2800, 605 - 5th Ave. S.W.
Canadian Corporation; Chairman, Calgary, Alberta
Canadian Hunter Exploration T2P 3H5
Ltd. (a natural gas exploration
and production company)
Lynda C. Hamilton Director of Brascan P.O. Box 770
Canadian Corporation; President, Edper Suite 4440, BCE Place
Investments Limited 181 Bay Street
(investment company) Toronto, Ontario
M5J 2T3
Robert J. Harding Director and Chairman of P.O. Box 762
Canadian Brascan Corporation Suite 4400, BCE Place
181 Bay Street
Toronto, Ontario
M5J 2T3
Patrick J. Keenan Director of Brascan 120 Adelaide Street West
Canadian Corporation; Chairman and Suite 2150
Chief Executive Officer, Toronto, Ontario
Keewhit Investments Limited M5H 1T1
(investment company)
David W. Kerr Director and Group Chairman, P.O. Box 755
Canadian Natural Resource Operations Suite 4100, BCE Place
of Brascan Corporation; 181 Bay Street
President and Chief Executive Toronto, Ontario
Officer of Noranda Inc. M5J 2T3
</TABLE>
<PAGE> 16
<TABLE>
<S> <C> <C>
Allen T. Lambert Director and Group Chairman, Suite 4400, BCE Place
Canadian Financial Services Operations 181 Bay Street
of Brascan Corporation Toronto, Ontario
M5J 2T3
Philip B. Lind Director of Brascan 33 Bloor St. East
Canadian Corporation; Vice Chairman, 10th Floor
Rogers Communications Inc. Suite 6400
(diversified communications Toronto, Ontario
company) M4W 1G9
Michael F. B. Nesbitt Director of Brascan Suite 1110
Canadian Corporation; President and 200 Graham Avenue
Chief Executive Officer of Winnipeg, Manitoba
Montrose Investment Co. Ltd. R3C 4L5
(investment company)
Saul Shulman Director of Brascan Suite 2300
Canadian Corporation; Senior Partner, 200 King Street West
Goodman and Carr (law firm) Toronto, Ontario
M5H 3W5
George S. Taylor Director of Brascan 4675 Line 3
Canadian Corporation; Corporate St. Marys, Ontario
Director; Director of Great N4X 1C6
Lakes Power Inc.
(power generation company)
Edward C. Kress Executive Vice-President of Suite 4400, BCE Place
Canadian Brascan Corporation; 181 Bay Street
President and Chief Executive Toronto, Ontario
Officer, Great Lakes Power M5J 2T3
Inc.
</TABLE>
<PAGE> 17
<TABLE>
<S> <C> <C>
Alan V. Dean Senior Vice-President, Public Suite 4400, BCE Place
Canadian and Corporate Affairs and 181 Bay Street
Secretary of Brascan Toronto, Ontario
Corporation M5J 2T3
Harry A. Goldgut Senior Vice-President and Suite 4400, BCE Place
Canadian General Counsel of 181 Bay Street
Brascan Corporation Toronto, Ontario
M5J 2T3
Trevor D. Kerr Vice-President and Treasurer Suite 4400, BCE Place
Canadian of Brascan Corporation 181 Bay Street
Toronto, Ontario
M5J 2T3
Craig J. Laurie Vice-President and Controller Suite 4400, BCE Place
Canadian of Brascan Corporation 181 Bay Street
Toronto, Ontario
M5J 2T3
Richard Legault Vice-President, Suite 4400, BCE Place
Canadian Finance of 181 Bay Street
Brascan Corporation Toronto, Ontario
M5J 2T3
</TABLE>
