Press Release 2005
TORONTO, August 5, 2005 – Brascan Corporation (TSX/NYSE: BNN) announced today that it has acquired 200,000 common shares of Fraser Papers Inc. (TSX: FPS), through its subsidiary Brascade Corporation. Taken together with other acquisitions over the past three months, this acquisition brings the total number of shares beneficially owned by Brascan to 13,376,691, which represents 45% of the outstanding common shares of Fraser.
The purchases were made through the facilities of the Toronto Stock Exchange and the shares were acquired for investment purposes.
Brascan Profile
Brascan Corporation is a global asset manager focused on property, power and infrastructure assets. With $40 billion of assets under management, the company owns 70 premier office properties and over 130 power generating plants. The company is inter-listed on the New York and Toronto stock exchanges.
For more information, please visit our web site at www.brascancorp.com
or contact:
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Katherine C. Vyse
Senior Vice-President
Investor Relations and Communications
Tel: 416-369-8246
e-mail: kvyse@brascancorp.com
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Note: This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe”, “expect”, “anticipate”, “intend”, “estimate” and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forward in the forward looking statements include general economic conditions, interest rates, availability of equity and debt financing and other risks detailed from time to time in the company's 40-F filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
