Oxbow Equities Corp. ("Oxbow") (TSX:XBO) today announced that Terumo Medical Corporation ("Terumo"), Oxbow and the other Mission Medical,Inc. ("Mission") shareholders have entered into a non-binding Memorandum of Understanding whereby Terumo will purchase all 78% of Mission that Terumo does not already own for an amount of US$18 million payable at closing. Closing is expected to occur no later than February 28, 2005.
