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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (10302)4/23/1998 9:42:00 PM
From: Arnie   of 15196
 
CORP. / First Canadian Energy shares suspended from Trading

First Canadian Energy Ltd. announces today that its shares have been
suspended from trading effective today because it did not complete a major
transaction within the time required. First Canadian, nonetheless, is in
active discussions with several candidates to complete a major transaction
and will continue to seek out other such opportunities.

First Canadian's cash balance is $281,700 as of its most recent financial
statement for the fiscal year ended December 31, 1997. This cash position
represents over 90% of the net funds raised when it commenced operating as a
junior capital pool company eighteen months ago.

For further information, please contact Mr. Raymond A, Siwiec, President, by
phone at (403) 289-5341.

ASE Symbol: FCN
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