From page A26 Travel 1 WAY ticket. fernale, Vancouver - Toronto - St John's, Newtoundiand May 28th. $120 0.0.0. 980-2968 CARS TO Winnipeg. ASAP No charge, pay own gas 270-3430 days, 733-4428 AIR TICKET to Toronto $150 obo (mate). 986-5465 . DRIVING - RETURN trip to Caigary Phone Gul, 985-5175 WHYTECLIFF SAILING Instruction, skippered charters & yacht delivery Phone 921-7242 Wanted eee >1cAMER TRUNK in good cond tion with key. top dollar paid 926-5912 after 6pm 24 INCH gas stove & small fridge in working cond. 926-4680 CHILOS TRICYCLE in good cond 922-7576 eves IN NEED of good condition tricycies for the West Vanc Day Care Assoc Donations are appreciated 926-7072 dunng office hours GOOD CONDITION electric typewriter for the B.C Board Sailing Club Looking for donation or very good price. 925-1709 BC & Yukon Community Papers LIGHTING FIXTURES - Western Canada's largest display. wholesate & retail Free catalogues avail Norburn lighting Centre inc. 4600 East Hastings. Burnaby. BC V5SC 2K5 299-0666 THE CARIBOO’S 108 RESORT of ters championship golf, nding, tennis fishing. heated pool. deluxe rooms. licensed restaurant and special goit nding. and family oackages 687 2334. 791-5211 RED VELVET TOURS RENO COACH seven day express (weekly) trom $149 (seven day regular (weekty) = from $169) RENO AIR” weekly (three. tour. seven mghts) frorn $249 inc medical and extra casino packages DESTINA TIONS ‘84 Disneyland, captivating Catstorma. Catitornia/Nevada. Calitor ma/Anzona, UtahiGrand Canyon /Anzona/Nevada, Yellowstone/Satt L CityfReno. Oregon coasvSan Fran cisca/Reno, Yosemite/Reno, Portiand rose. Pasadena, Caigary Stampede All tours depart Vancovuer and Van couver Island Above prices x Van couver Vancouver 438.5322 Victona 384 5121 Toltt Free 112-600-663.1747 (BC only Van couver) of 112-800 7426166 (BC onty Victona) Red Velvel Tours 2263 Kingsway. Vancouver VON 216 PADDLE FANS - the onginal tan store Wholesale & retail Free Catalogues Ocean Pacific Fan Gallery Inc 4600 East Hastings St Bumaby BC VSC 2?K5 Phone 299-0666 CHICKS - Brown § gg Layers White {gg Layers Meatbirds Order t arty Snip Anywhere NAPIER CHICK SALES 674% 216 St Bow 59 Miner BC VOX 1TO 534 7222 UNSATISFACTORY MORTGAGE RETURN? We purchase tis! second and third mortgages if possible al nc discount to you! Limited offer Bob Qaannetl 879 351) British Sila Realty Lid TOWN OF PRINCETON SUPERINTENDENT Of PUBLIC WORKS Appitcations are invited for the above post which is at the servos management level to assume the overall administrative and super visory responsiotlity for the putt works of the Town of Princeton The supennmiendent will be ain charge ol roach water sewer parks Cemelory and other paudolic words func bons um Chading sapervision oof up to tt curt employees lafshe — will prepare Dbudgel lguras as required and will attend (aauncil Meetings nar advisory Capacth balary will stadt al $ tv O00 per year Appicatiuns will be tecened by the undersigned up to and incbuding June 4th 1984 All ap pic atons will be eto on stacth Con hdgence Wo Sanderson HA Cderk/Treasurer Administrator 107 Bor 670) Princeton BO VO two MONEY AVAILABLE! ( Gosadenna and COnwnercial nor tyayes invtese errs on BO Gow ll second We athe Guy cristing Nor igages No {deal terest ble 682 6864 even 277} ObVWw 946 947 Fast lsternateomal 14. AEGISTERED wo year oid Horned Hereford Gulls sennen tested feady to go to work Hoascnatiby prt od Call 449 23620 oF Contact (OF tons Bory Midway HO von MG THREE PLACER claims, oF Cyste: Fiver CsG0d values with oon witha oquipenent Ohysaten liver Mantng tte TON St Ava s Caarrpiteot Mver 1! Prone 26/ tbl 4 NOW AVAIL ABLE thre coffee cet ves lesal SOs verre 0 Desutithat wall Nanging Danton oc aléeda: conn coomoratea Me Canaan viet oot Pee kot Boat Thre der Or ative auitengeapmyed ' on 4 CORN pt tare aru l | peng atgrer et per: UNG (dese ere rabaere AY ater cnake they, Aree caterer) ee ere BS pen we 7 eater: Nunn s c ata, Det Ti pariage A arwilen, ae athe. FC culereperier. Om ath ‘ Weetuvena Ootreret Ccnpattiann 14 von JV 4 Alig [Rene everett foo Dertrver: y 33 DAON DAON DEVELOPMENT CORPORATION 3rd Floor, 999 West Hastings Strert, Vancouver, British Columbia NOTICE OF A MEETING OF THE HOLDERS OF THE 0% % CONVERTIBLE SUBORDINATED DEBENTURES OF DAON DEVELOPMENT CORPORATION NOTICE ts hereby given thal a meeting (the **Mectung”*) of the holders (**Deben- tureholders "*) of the 105% Convertible Subordinated Debentures (the ** Debentures") of DAON DEVELOPMENT CORPORATION (the ~*Company*") tssued under a trust indenture (the ““Onginal Indenture’*) dated as of the 24th day of February. 1981 made between the Co: ry and Crown Trust Company, as trustee. and in respect of which CENTRAL TRUST COMPANY (the *“Trustee"’) has replaced Crown Trust Company as wustee. and which has been supplemented and amended by a first indenture supplemental thereto dated as of the i4th day of October. 1983 made between the Company and the Trustee (the Onginal Indenture and such first indenture supplemental! thereto are hereinafter coliecuvely called the *’Trust indenture’), will be heid un the Park Ballroom C of the Four Seasons Hotel. 791 West Georgia Street. Vancouver. Bnush Columbia at 11:00 a m. (Vancouver ume) on Monday, June 4. 1984. The Meeting ts being called pursuant to the provisions of the Trust Indenture The Meeting will be held for the purpose of considering. and. if thought fit, (a) approving amendment of the provisions of the Trust Indenture relaung to a commuttee of Deben- tureholders appointed under subsection 11.1/(i) of the Trust Indenture (a ““Commit- tee™’). (b) appointing a Commuttee , and (c) approving amendment of the Trust indenture so as to shorten the munimum penod which must clapse between a meeting at which an Exuaordinary Resolution ts to be voted on at which no quorum is present within 30 minutes from the me fixed for holding such mecting and the adjourned mectng held in respect of such mecting Subsecnon 11.11() of the Trust Indenture allows Debenturcholders to appoint a Commutce by Extraordinary Resolution. The powers of a Committee are limited to the exercise of certain powers set out un the Trust indenture It 1s proposed that subsection 1G) of the Trust Indenture be amended in order to empower Debentureholders to appoint a Committee which will have. m addition to the powers which the Trust Indenture presently permits to be delegated to a Committee. the powers described below in subclauses A (a)(1). (12), (a) and (1v) of this Notice and that notwithstanding any provisions of the Trust Indenture as amended at the Meeting. that a committee shall not have the powers descnbed below in clause A.(b) of this Notice It ts also proposed that the Trust Indenture be amended in respect of a Committec appointed under it to provide. (a) that the Trustee shall be secretary to a Commuttec. (b) that a Committee be allowed to appoint addinonal members pursuant to the resolution appointing wt. and (c) for certain other matters relating to a Committee's procedure Management of the Company beheves that the amendment of the Trust Indenture as described in this Nouce and the appointment as a Commuttec of the persons described. 5 in subparagraph B of this Notce would facilitate the carrying into effect of the financial restructuring of the Company pursuant to the provisions of the Pian of Arrangement of Daon Development Corporanon dated October 1. 1983 (the **Pian of Arrangement *) by factlitatang the obtaining of approvals pursuant to the provisions of the Loan Modificanon and Overnde Agreement between Daon Development Corpora- ton and Vanous Banks and Other Creditors of Daon Development Corporation and The Royal Trust Company dated as of September 15. 1983 (the “‘Onginal Daon Canada Plan’ ’). the executton and delivery of which was approved by the Debenturehoiders at a meeting of the Debentureholders duly called and held on November 3. 1983. as amended by the First Amendment to Loan Modification Agreement dated as of September 30. 1983 made between the parties to the Daon Canada Plan and the Second Amendment to Loan Modificanon Agreement dated for reference as of April 16, 1984 made between the parties to the Daon Canada Plan (the Onginal Daon Canada Plan and such two amending agreements are bereinafter collectively called the **Daon Canada Plan”), which Daon Canada Pian 1s contemplated in the Plan of Arrangement. and amendments to the Daon Canada Plan Shortening from at least 21 to at least 14 days the penod required under the Trust Indenture between meenngs of Debenturcholders at which an Extraordinary Resolunon 1s to be voted upon and an adjourned mectung called for want of a quorum at such meeting would remove a provision from the Trust Indenture pursuant to which more ume must clapse between such a mecting and an adjournment held in respect of it than the penod of at least 15 days required to give nonce of the mecung itself Management of the Company belkeves that this will facilitate the calling and holding of mectings of Debentureholders The Meeting will be beld for the purpose of considenng and. if thought fit. approving one of more Extraordinary Resoluvons pursuant to the Trust Indenture A amending the Trust Indenture pursuant to the provisions of a draft indenture suppicmenta! to the Trust Indenture (the ““Second Supplemental {Indenture "| } including. without lumuting the gencrality of the foregoing (a) to modify and extend the powers which may be exercised by a Commitice to include (in addinon to powers which the Trust Indenture presently permits to be delegated to a Commiuticc) the following (1) power to agree to and to direct the Trustee to execute on behalf of the Debenturcholders any document or instrument contemplated in the Daon Canada Plan and necessary for the impicmentahion of of any amendments proposed to the Daon Canada Plan. (uu) powers to agree to the release of. substitunon for, or addition to the Daon Canada Plan as amended from ume to ome of any document oF instrument contemplated thereby by the Trustee or by any other peron. firm of corporation, (4) power to make any devision of give any approval required to be made under the Daon Canada Plan as amended trom ume to ume oF any dowument of instrument contemplated by tt and to direct the Trustee to) (a) grant any consent authonzauion of waiver (b) approve the appointment of any person. firm of comporaiion to any office thereunder on (c) exercise on reframn from cacrcising any power remedy of authonty grven to 1 by the Trust Indenture and the Debentures under oF pursuant to the Daon ( anada Plan as amendcd from tume to Gime of any document of insirument contemplated by either and Cv) power to roquest the Trustee to call a mecting of the Debcoture bolder in order to refer any matter considered by the Commitice to such meeting. proveded (a) that no swch mecting of Debcaturc bolder will be called without the conscat of the Trustec and (b) the Company shall indemmify the Trustee to in reasonable satisfaction agains the costs which may be incurred in connection with the calling and bolding of such mecting (by aotwithatanding any provisions of the Trust indenture eC ommittec shall! mnt have power to agree to any modifi ation abrogration Compromise of arrangement of the nghts of Debenturcholiders of to assent two on authon rc any modifk atton of on change in of Omisston from the provisscons Con tained on the Trust Indenture which (0) rexfwces the sate of interest payable upon any Dcbenture ceatuccs of results ine fongivencas of any pest of the principal sam peyable upun the Ocbenturca Ga) catends (cacep. by an cacroise of a powes to waive any dcfault on the pert of the Company) the date upon which any instalment of princtpal ae intcrest ns to be pas of satisfied upon the Debentures ow} eeduces the aumber on increases the amount of interest to be vate. hed by ( omumon Shares of the C ompeny on adjuae the cate at whe h utercsat may be satinhicd +) aweat too un authurtia any modifi atton of on change in oon ons veums from the provessons of Artecte OO) of the Trust indcature wupplomented and amended at the Mocting Cx to wwe peewtde Chat (he Thusaoe shall be the Seu rctary toe Committe: and bow onae matters clang generally to the proewedure of a ( ommitice i peovede that ant atraurdinary Resotution appanting a ( ommiticr may peowdis fur the coumburcment of the member of eC ommitios fur thes canof pocket capeoses and diabwocmenn and for the indemmnifi atton of member af the C oammeettce by Gee Company tabs ten ote prowede that qo acteen by os Debenturchohdes of the Company lec. agains the members of the ( ommition a ting ccaxunably in the cach en af ite prrwers debe gated to the Committee by the re sotunun appointing 4 (fy ote prowess that pungent to the csatutien, appointing moe ( ommutice ray agri ackditecmmal crecentteres to ctactl amt tp ter grees ete fat of at be ene VIR on peim opel erm nant of the | peter etre s tf e ititasmhing oar ome peter on pes cme Uy geesem yy at mm ereteng of { betoe caterer fee at etin hy an to ntsmechina, Ke wohutem ote be come pee ethan Mi ceamete afte Che une ageymcintead foot sem fh nmcting fw: Me wetting cm vcenea) cates than oo Mee ewaguesetocen col | brtocanteare ten ohabe s > stewed! stew] aad psc eeral ts. dete re te ss than 64 cimys tates A27 - Sunday, May 20, 1984 - North Shore News B. appointng to a Committee composed of 3 persons, the persons whose names are set forth below. to consuit with the Trustee and with power and authonty to exercise (and to direct the Trustee to exercise) on behalf of the Debenturehol- ders. all the powers which may be delegated to a Committee under the Trust Indenture. as supplemented and amended at the Meeting except the power to appoint a committee. the power to amend, alter or replace any extraordinary tesolution previously passed or sanctioned by Debenturcholders and the power to remove the Trustee and to appoint a new Trustee pursuant to the provisions of subsection 11.111), subsection ELINM(k) and Section 13.02. re- spectively. of the Trust Indenture. as supplemented and amended at the Meeting and providing that the members of such Committee may be changed from 3 to 5 pursuant to the provisions of the Trust Indenture as supplemented and amended at the Meeting and that the members of such Committee shall be entitled to be reimbursed for thetr reasonable out of pocket expenses and disbursements in connection with performance by them of their duties as members of such Committee and of the reasonable expenses and disburse- ments of the Committee Nominees to Committce of Debentureboiders Outstanding Principat Amount of Debentures held by Nominee John Kenneth Bull $136 .000 c/o Bancorp Financial Ltd 26th Floor - Vancouver Centre Box 11509 750 West Georgia Survet Vancouver, Bntish Columbia V6B 4N7 Arthur Haladner. jr $60.000 (1) $355 Monteverdi Place West Vancouver, Bntush Columbia V7TW 2W8 Robert H_ Lee $ 24.000 3rd Floor 127 East Pender Street Vancouver. Bnash Columbia V6A IT6 Name and Address Note (1) Mr Haladner’s tmmediate tamily and a company owned thereby bold in aggregate an additional $500.000 in principal amount of Debentures This notice 1s given pursuant to the provisions of the Trust indenture with the intent that in considenng and/or passing any Extraordinary Resolution or other resolution, the Meeting or any adjournment thereof may amend. amplify. change. modify, add to or omut any of the matters and things specified above . it being stipulated that the foregoing does not purport to specify the terms of any resolution or resolutions to be proposed at the Meeting. but only to indicate the general nature of the business to be transacted thereal and 1n general terms the subject matter of any resolutions to be submitted thereat Any Extraordinary Resolution will be passed at the Meeung at which a quorum ts present or any adjournment thereof. by the favourable votes voted on a poll. of the holders of not less than 66°4% of the principal amount of Debentures represented at the Meeting and voted on a poll Any such Extraordinary Resolution shal! be binding upon all holders of Debentures. whether present or absent, and the Trustee, and each and every holder of Debentures and the Trustee (subject to the applicable indemnity provisions contained in the Trust Indenture) shall be bound to give effect thereto accordingly The Trust Indenture provides. in effect. that at the Meeting and at a mecting of the holders of Debentures to be held for the purpose of passing an Extraordinary Resolution or Extraordinary Resolutions. a quorum shail consist of holders of Debentures present im person or by proxy and representing at least 51% tn principal amount of all! the outstanding Debentures If a quorum of the holders of Debentures is not present within 30 minutes after the ime appornted for the Mecting. the Meeting shall stand adjourned to such date. being not less than 2) nor more than 60 days later. and to such place and tame as may be appointed by the chairman of the Meeting Not tess than 10 days’ notuce shall be given of the ume and place of such adjourned mecting At the adjourned mecting. the Debenturcholders present in person or by proxy shall form a quorum and may wansact the business for which the Mecting was onginally convened and a resolution proposed at such adjourned meeting and passed by the requisite vote as provided above shall be an Extraordinary Resolution within the meaning of the Trust Indenture notwithstanding that the holders of 51% tn the prncipal amount of the Debentures then outstanding are not present in person or by proxy at such adjourned mecting Pursuant to the provisions of the regulations (the “*Regulanions’’) made by the Company and approved by the Trustee under the Trust Indenture t Holders of registered Debentures who have registered ther Debentures on or prior to June |. 1984 (the “Record Date’') may aftend tn person and vote or may by instrument in wnting under thew hands appoint any person as proxy holder to be present and to vote for them at the Meeting and at any adjourn ment thereof Holders of unregistered Debentures desinng to be present and to vote at the Mecnng without producing the Debentures may deposit the same with any bank of trust company in Canada and will receive in exchange voung cerufi cates which will entitle the holders named therein to be present and to vote at the Mecung and al any adjournment thercof and to appoint a prox yhoider to represent and vote for the holder at the Mecting and at any adjournment thereol in the same way as if the pemons so present and voting cither personally or by proxy were the actual bearers of the Debentures im respect of which such voting ceruficates shall have been issued Debentures x0 depo sited will be held on deposat until after (he Mecting and any adjournment thereot and will then be ecturned to the depositor Any bank or trust company in Canada may act ay depositary of Debentures of which it may be the holder Save as aforcsand the only pemons who shall be recognized at the mocung of al any adjournment thereof as the holders of any Debentures of as catitied to vote at the Mectaing of al any adjournment thercof shall be registered Deben turcholders of thea proxybolden and the persons who produce unregistered Debentures at the Mecting of at any adjournment thercof or deposit voting cenit ates beanag ther names of are the pron yholders of Debenturchulden hamed in a dcposited voting corabie ate Holders of unregistered Debentures have been advised that in order to be entiticd to any distributions under the Daoco ( anada Ptan they must surrender their Debentures in cachange for registered Debentures bearing the notations required under the Daon ( anada Plan. ta order that all holders of Debentures retain the right to vote at the Meeting in accordance with paragraph 2. wo unregistered Debenturcs will be registered during the pertod afficr the Record Date and before the Meeting A prosxybolder anced not be a Debenturchoider Tha Note the Regulatbons anda form of proay are being matted to all bolder. of ecgyostercd Debentures Copies of this Note the Regulations onstructions with mapect to aticodane oft heiden of uate gistercd Lacbentures at the Meeting forms of voung ccrtife ates proarce and aber documents to cnable holden of unrcgistered Debentures to be preacat in pom oe by proxy and vote at the Mocting and any adyourament thereof by producing thea Debentures atthe Meciing of without producing thew Debentures atthe Moctng may be obtarecd on appli ation te any af the offices of CENTRAL TRUST COMPANY Teserd) bee tow th Sapte TOO OO West Pender Steoct Varwouwver Hemanh ( clusttea VO Ji? » aon Kth Avenue SW ( aligary Alberta F7P La VoL Tt Wetage Avec Wennapeg Manineta KSB TA? 41 A deus Pheer fC Paret Canadian Place Commer of King Sacet and Day Yurect Vow Cntare: conasling address Prot Crtfice Bon JA fies € anechan Man Veosveentss (Cdrtare MAN bed) VUNG Sheeterecbe Sarmrt West Manmtrcal (puctre 913A 7M on foe office of da CANADA PERMANENT ERUST CC COIMPANY at 10) 1040 Bariagton Sureet Poa Offa os $40 Pbabefan Nive Sense BP TTR Noah Steet Ke gina Sashat te wan SAP 7) Corpora s cof bee Thaast bende sstesce aed a cisafl of Ute See cored Sergrprts crm ental bewhe stare ety be canned ducing cedinary business teas at any of dhe offic. of the TWissare om the ( anede PN eencat Trust ( onmpeny wet ont abarve Pre tee meee me of Larbrnturctekhers matic te attend te Morting 9 any aadpearteeree en Cire eel votre Corti ates ad soateare nts cf geen) sney De erent on | ee TL | ec es cm be peameted wath he C hassmman of the Mecca vob 1 tee oe swt Benes CBee teers Veen tee er cage tine cent wrt conan te tee Hic gest eat ne ree, PR TD Ee at Smee ees Be tet Cc obeereefoee thes TAT Gay of Ma, mena pry tH AT FT ST eC ONAPT AN VOW PN eet Stree Name ime ees