Caisse de dépôt et placement du Québec acquires common shares of Canadian Royalties Inc.



    MONTREAL, Aug. 7 /CNW Telbec/ - Caisse de dépôt et placement du Québec
("Caisse") announces that it has acquired, on the Toronto Stock Exchange,
2,100,000 common shares of Canadian Royalties ("Canadian Royalties"), or,
2.06% of such shares outstanding at a price of CA$1.20 per share.
    Before this transaction, Caisse held 1,447,500 common shares of Canadian
Royalties as well as CA$40,000,000 aggregate principal amount of convertile
debentures.
    Through this transaction, and if Caisse were to exercise its conversion
privilege with respect to the convertible debentures that it holds, the total
number of Canadian Royalties common shares that it would own would be
18,092,700, or 15.52% of such shares outstanding on a partially diluted basis.
    This transaction was made for investment purposes and Caisse could
increase or decrease its investments in Canadian Royalties depending on market
conditions or any other relevant factor.




For further information:

For further information: Mark Boutet, Media Relations, Caisse de dépôt
et placement du Québec, (514) 847-5949


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