JOINT FILING AGREEMENT
THIS AGREEMENT dated the 24th day of October, 2000.
WHEREAS:
A. Sutton Park International Limited ("Sutton Park") is the beneficial
holder of 308,350 shares of common stock of Drummond Financial Corporation
("Drummond") and MFC Bancorp Ltd. ("MFC") is the direct beneficial
holder of 95,000 shares of common stock of Drummond and is the indirect
beneficial holder of 1,249,250 shares of common stock of Drummond
(including the shares held by Sutton Park); and
B. MFC and Sutton Park (each a "Filer" and collectively, the
"Filers") are responsible for filing a Schedule 13D/A or Schedule 13D
(the "Schedule 13D/A") relating to the acquisition of the shares of
common stock of Drummond, pursuant to U.S. securities laws.
NOW THEREFORE THE PARTIES AGREE AS FOLLOWS:
1. Each Filer covenants and agrees that it is individually eligible to
use the Schedule 13D/A which is to be filed;
2. Each Filer is individually responsible for the timely filing of any
amendments to the Schedule 13D/A, and for the completeness and accuracy of
the information concerning themselves, but is not responsible for the
completeness and accuracy of any of the information contained in the
Schedule 13D/A as to the other Filer, unless such Filer knows or has
reason to believe that the information is inaccurate;
3. This Schedule 13D/A contains the required information with regard to
each Filer and indicates that it is filed on behalf of both Filers; and
4. Each Filer agrees that the Schedule 13D/A to which this Joint Filing
Agreement is attached as Exhibit 1 is filed on its behalf.
IN WITNESS WHEREOF the parties have duly executed this Joint Filing
Agreement.
MFC BANCORP LTD. SUTTON PARK INTERNATIONAL LIMITED
By: /s/ Michael J. Smith By: /s/ Michael J. Smith
------------------------- -------------------------
Michael J. Smith, President Michael J. Smith, Director
