March 17 (Reuters) - Kernwood Limited:
* KERNWOOD LTD-ACQUISITION OF VELAN SHARES WAS UNDERTAKEN
FOR
INVESTMENT PURPOSES
* KERNWOOD LIMITED ANNOUNCES ACQUISITION OF ADDITIONAL
SHARES OF
VELAN INC.
* KERNWOOD LIMITED - PURCHASED 19,500 SUBORDINATE VOTING
SHARES OF
VELAN INC
* KERNWOOD LTD - PURCHASE FOR AN AGGREGATE OF $163,497.75
* KERNWOOD LIMITED - 19,500 VELAN SHARES WERE PURCHASED AT
AN
AVERAGE OF $8.3845 PER VELAN SHARE
Source text for Eikon: ID:nCNWyt803a
Further company coverage: VLN.TO
((Reuters.Briefs@thomsonreuters.com;))