Dion/Double Eagle renegotiate Double Eagle conversion price

Business Wire, Nov 2, 1995

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 2, 1995--Dion Entertainment Corp. (TSE:DIO) and Double Eagle Entertainment Corp. (VSE:DBE) Thursday announced that an agreement was reached with respect to an alternative conversion price of 33 cents per common share of Double Eagle.

Dion First American Inc., a wholly owned subsidiary of Dion, secured this agreement on behalf of Dion with Double Eagle to convert 3.5 million (USDLR) into common shares of Double Eagle subject to approval of the Vancouver Stock Exchange (VSE). The new price reflects the most recent 10-day trading average of common shares in Double Eagle on the VSE.

Double Eagle Entertainment is a multinational gaming company listed on the Vancouver Stock Exchange that manages, operates and produces its highly popular, nationally-televised "T.V. Bingo/Lottery" in the Czech Republic.

Dion Entertainment is the first Canadian publicly traded gaming company and is one of the largest providers of gaming facilities in Canada.

CONTACT: Frank Port

Dion Entertainment Corp.

604/535-7333

800/696-7333 (U.S. only)

or

Lindsay MacLeod

Double Eagle Entertainment Corp.

604/535-3978

800/668-5567 (U.S. only)