COMINCO <CLT> PLANS CANADIAN STOCK ISSUE
Cominco Ltd said it
plans to issue units in Canada containing common share purchase
warrants indexed to zinc and copper prices.
    Each unit will consist of one deferred retractable
redeemable share and one warrant, which will be indexed to
average market prices of zinc and copper on the exercise date.
    Issue size, timing and terms have not yet been determined.
    Cominco said it would use proceeds to reduce bank loans and
other short-term debt. Underwriters are Nesbitt Thomson Deacon
Inc, Dominion Securities Inc and Pemberton Houston Willoughby
Bell Gouinlock Inc.

 Reuter
