Bailey acquires shares of Envoy Capital Group Inc.



    TORONTO, June 2 /CNW/ - John H. Bailey has acquired ownership of an
additional 611,439 common shares of Envoy Capital Group Inc., representing
approximately 7.14 per cent of the current issued and outstanding common
shares.
    As a result of this acquisition, Mr. Bailey now owns 935,552 common
shares representing approximately 10.93 per cent of the issued and outstanding
common shares.
    The common shares were acquired pursuant to a private agreement at a
price of $1.58 per common share (based on an exchange rate of 1 CAD = 0.9198
USD). The common shares were acquired for investment purposes only. Mr. Bailey
does not have any current intention of acquiring ownership of, or control or
direction over, any additional common shares. Depending on market conditions
and other relevant factors, Mr. Bailey may, in the future, increase or
decrease his beneficial ownership of, or control or direction over, common
shares through market transactions, exercise of options, private agreements or
otherwise.
    An early warning report in respect of the above noted transaction has
been filed on SEDAR.





For further information:

For further information: John Bailey, Tel: 33 (0) 6 43 91 75 23

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JOHN H. BAILEY

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