UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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EQUIDYNE CORPORATION
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MFC BANCORP LTD.
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NEWS RELEASE
FOR IMMEDIATE RELEASE AUGUST 20, 2003
MFC BANCORP LTD. ANNOUNCES EXERCISE OF OPTION
TO ACQUIRE EQUIDYNE SHARES
NEW YORK CITY (September 2, 2003) - - - MFC Bancorp Ltd. (Nasdaq: MXBIF and Frankfurt Stock Exchange: MFC GR) today announced that it has given an irrevocable notice to exercise its option to acquire 485,844 shares of Equidyne Corporation (AMEX: IJX). MFC noted that the number of shares to be purchased pursuant to the exercise of the option is more than three times the number of Equidyne shares owned of record by the entire current board and management of Equidyne. MFC further noted that current board and management of Equidyne have options to acquire 1.7 million shares from Equidyne's treasury, but have not exercised them.
MFC has nominated a slate of four nominees for election to the board of directors of Equidyne at the shareholders' meeting scheduled for September 9, 2003. MFC's nominees are supported by Equidyne's largest shareholder, Concord Effekten AG.
Shareholders wishing to vote for MFC's nominees should sign and mail a GREEN proxy card. Shareholders who voted a white proxy card and want to change their vote can do so by sending in a GREEN proxy card. For further information on how to vote at the shareholders meeting, please call Georgeson Shareholder Communications, Inc. toll free at (877) 668-1646 or call collect at (212) 440-9800. For information about MFC, please contact Rene Randall or Roy Zanatta at (604) 683 8286.
About MFC Bancorp Ltd.
 MFC Bancorp Ltd. owns companies that operate in the financial services industry, specializing in merchant banking internationally. To obtain further information on the Company, please visit its web site at www.mfcbancorp.com
Certain statements included herein are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Management of MFC cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations or financial condition of MFC to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by MFC with the Securities and Exchange Commission.

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