UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                            SCHEDULE 14A INFORMATION

                    Proxy Statement Pursuant to Section 14(a)
                     of the Securities Exchange Act of 1934


Filed  by  the  Registrant                            [ ]
Filed  by  a  Party  other  than  the  Registrant     [x]

Check  the  appropriate  box:

[ ]     Preliminary  Proxy  Statement
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        14a-6(e)(2))
[ ]     Definitive  Proxy  Statement
[x]     Definitive  Additional  Materials
[ ]     Soliciting  Material  Under  Rule  14a-12

                              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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               determined):
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                                                  [GRAPHIC  OMITED]

                                                  NEWS  RELEASE

FOR  IMMEDIATE  RELEASE  SEPTEMBER  8,  2003

         ISS RECOMENDS THAT EQUIDYNE SHAREHOLDERS VOTE FOR MFC NOMINEES

NEW  YORK  CITY  (September  8,  2003) - - - MFC Bancorp Ltd. (Nasdaq: MXBIF and
Frankfurt Stock Exchange: MFC GR) today announced that Institutional Shareholder
Services,  Inc.  ('ISS')  has  recommended  that  shareholders  of  Equidyne
Corporation  (AMEX:  IJX) vote in favor of MFC's nominees to Equidyne's Board of
Directors.   Equidyne's  shareholder meeting is scheduled for September 9, 2003.
MFC  has  nominated  a  slate  of  four  nominees  for  election at the meeting.

ISS, based in Rockville, MD, is the world's-largest provider of proxy voting and
corporate  governance  services.  It  serves  more  than  700  institutional and
corporate  clients  throughout  North  America  and  Europe.  ISS analyzes proxy
proposals  and  issues vote recommendations for more than 10,000 U.S. and 10,000
non-U.S.  shareholder  meetings  each  year.

Equidyne  shareholders  wishing to vote for MFC's nominees should instruct their
broker to vote their shares in favor of MFC's nominees.  For further information
on  how  to  vote at the shareholders meeting, please call Georgeson Shareholder
Communications,  Inc.  toll  free at (877) 668-1646.  For information about MFC,
please  contact  Rene  Randall  at  (604)  683  8286.

About  MFC  Bancorp  Ltd.

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.

Contact:     Allen  &  Caron  Inc.                Rene  Randall
             Joseph  Allen  (investors)           (604)  683-8286
             (212)  691-8087                      rrandall@bmgmt.com
             joe@allencaron.com
                   or
             Kari  Paskewicz  (media)
             (630)  759-9640
             kari@allencaron.com