Income Tax Refunds - May 17, 2002

PricewaterhouseCoopers Inc. have been informed by Canada Customs & Revenue Agency (CCRA) that to April 16, 2002 - 2,121 re-assessments have been completed and tax refund cheques have been mailed to the investors.

CCRA defines a re-assessment to be where a single cheque is issued for each year a taxpayer has been re-assessed. For example, if you elected to be re-assessed for 1997, 1996 and 1995; this would count as 3 re-assessments.

We will update this document with the number of re-assessments processed on a regular basis as the information becomes available from CCRA.


PricewaterhouseCoopers Inc.
Judicial Trustee







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