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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 1998
Dominion Bridge Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-103720 23-25 77796
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(State or other jurisdiction Commission File (I.R.S. Employer
of incorporation) Number Identification No.)
500 Notre Dame Street, Lachine, Quebec, CANADA H8S 2B2
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(Address of principal executive offices)
Registrant's telephone number, including area code (514) 634-3550
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(Former name or former address, if changed since last report.)
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
On August 11, 1998, Dominion Bridge Corporation (the "Company") and each of
its principal operating subsidiaries other than McConnell Dowell Corporation
Ltd. (collectively, the "North American Subsidiaries") filed a Notice of
Intention to Make a Proposal (the "Notice") pursuant to the Bankruptcy and
Insolvency Act (the "Act") with the Quebec Superior Court in Montreal, Quebec,
Canada (Court No. 500-11-009746-989; Estate No. 41-216748). After the court
ordered a Motion For an Extension of Time to File a Proposal, the Company and
its North American Subsidiaries had until October 26, 1998 (unless further
extended by the Court) to file a proposal for its future operations with the
Quebec Superior Court.
On October 26, 1998, the Company and its North American Subsidiaries filed
a Motion To Declare Stay of Proceedings Inoperant with the Quebec Superior Court
requesting the court to permit the sale of the Company's beneficial ownership of
shares of McConnell Dowell
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Corporation Limited, an Australia engineering company, and Cedar Group Australia
Pty Limited. The Company believes that the sale of such shares will provide
sufficient proceeds to pay the secured creditors in full. The Motion to Declare
Stay of Proceedings Inoperant was approved by the Quebec Superior Court on
October 26, 1998 to permit the sale of shares of Cedar Group Australia Pty
Limited and McConnell Dowell Corporation Limited.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DOMINION BRIDGE CORPORATION
(Registrant)
Dated: October 30, 1998 By: /s/ Derek S. Tennant
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Derek S. Tennant
Interim Chief Operating Officer and
Director
