Oct 29, 2003. /Lesprom Network/. Auction to sell 2419 common shares (20% stock capital) of Russian Ibresinsky timber-processing mill (Chuvashia republic) was cancelled due to lack of applications, Russian foundation for basic research official statement said. The auction was to be carried out by Privolzhsky regional foundation for basic research. The nominal price was 1 ruble/share. The shares for sale standard price 1,1 million rubles. The initial price for the block of shares was 2,2 million rubles. The low price was 1,1 million rubles. The mill’s basic production trends are round timber, saw-timber, sawn goods, barrels, tubs and framework houses production. By July 2003 the company has obligations of 4,767 thousand rubles, including budget obligations -- 1,664 thousand rubles, state non-budget obligations -- 1,391