UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
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EQUIDYNE CORPORATION
(Name of Registrant as Specified in its Charter)
MFC BANCORP LTD.
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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NEWS RELEASE
FOR IMMEDIATE RELEASE AUGUST 20, 2003
MFC BANCORP LTD. ANNOUNCES EXERCISE OF OPTION
TO ACQUIRE EQUIDYNE SHARES
NEW YORK CITY (September 2, 2003) - - - MFC Bancorp Ltd. (Nasdaq: MXBIF and
Frankfurt Stock Exchange: MFC GR) today announced that it has given an
irrevocable notice to exercise its option to acquire 485,844 shares of Equidyne
Corporation (AMEX: IJX). MFC noted that the number of shares to be purchased
pursuant to the exercise of the option is more than three times the number of
Equidyne shares owned of record by the entire current board and management of
Equidyne. MFC further noted that current board and management of Equidyne have
options to acquire 1.7 million shares from Equidyne's treasury, but have not
exercised them.
MFC has nominated a slate of four nominees for election to the board of
directors of Equidyne at the shareholders' meeting scheduled for September 9,
2003. MFC's nominees are supported by Equidyne's largest shareholder, Concord
Effekten AG.
Shareholders wishing to vote for MFC's nominees should sign and mail a GREEN
proxy card. Shareholders who voted a white proxy card and want to change their
vote can do so by sending in a GREEN proxy card. For further information on how
to vote at the shareholders meeting, please call Georgeson Shareholder
Communications, Inc. toll free at (877) 668-1646 or call collect at (212)
440-9800. For information about MFC, please contact Rene Randall or Roy Zanatta
at (604) 683 8286.
About MFC Bancorp Ltd.
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MFC Bancorp Ltd. owns companies that operate in the financial services industry,
specializing in merchant banking internationally. To obtain further information
on the Company, please visit its web site at www.mfcbancorp.com
Certain statements included herein are "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995. Management of MFC
cautions that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause the actual
results of operations or financial condition of MFC to differ include, but are
not necessarily limited to, the risks and uncertainties discussed in documents
filed by MFC with the Securities and Exchange Commission.
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