CALGARY, ALBERTA--(June 11, 2001) - Enbridge Inc. announced today
that it has acquired ownership of an additional 900,000 common
shares of RTICA Corporation at a price of $0.40 per share in
connection with the conversion of a convertible debenture. As a
result, Enbridge currently owns 3,627,273 common shares of RTICA
Corporation, representing approximately 10.65% of the issued and
outstanding common shares.
Enbridge acquired the common shares for investment purposes and
has no current intention to acquire additional shares. The
Company's original investment of $1.5 million was made in May
1998, reflecting its commitment to support research, development
and demonstration activities in Ontario related to energy
efficiency and environmentally friendly use of natural gas.
RTICA Corporation is a public company traded on the CDNX exchange
under the symbol RTN. It manufactures and markets insulation used
as a thermal barrier, particularly in homes, and which contributes
to energy conservation.
Enbridge Inc. is a publicly traded Canadian company and a leader
in energy transportation, distribution and services in North
America and internationally. The company operates, in Canada and
the U.S., the world's longest crude oil and liquids pipeline
system. It also owns and operates Canada's largest natural gas
distribution company serving approximately 1.5 million customers
in Ontario, Quebec and New York State. The Company's head office
is located at 3000, 425 - 1 Street S.W., Calgary, Alberta T2P 3L8.