Canadian Shells

[Tackler]

SKBp Skoobins Resources to resume at 7:30 a.m. PT on Nov. 26

2004-11-25 16:50 ET - Resume Trading

Effective at 7:30 a.m. PT, Friday, Nov. 26, 2004, trading in the company's shares will resume.

Further to the company's Nov. 23, 2004, news release, regarding the proposed acquisition of the Medipattern Corp., Loewen, Ondaatje, McCutcheon Ltd., subject to completion of its review, has agreed to act as the company's sponsor.

This resumption does not constitute acceptance of the qualifying transaction and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the qualifying transaction within 60 days of the issuance of the news release. If this documentation is not provided, or is insufficient, a trading halt may be reimposed.

Completion of the transaction is subject to a number of conditions, including but not limited to, exchange acceptance and majority of the minority shareholder approval. Prior to the exchange granting final acceptance of the qualifying transaction, the company must satisfy the exchange's minimum listing requirements. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.