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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14066)	12/6/1998 2:06:00 AM
From: Kerm Yerman	of 15196

IN THE NEWS / NCE Energy Units NCE Energy Trust (NCA/TSE) plans to offer up to $25-million worth of note units -- up to 25,000 note units, with a minimum purchase of three units. Each consists of a $1,000 promissory note bearing 10% interest a year and bonus warrants. The three-year notes are convertible into trust units at a specified price after July 31, 1999, and are redeemable immediately before maturity through cash or the issue of trust units. Each warrant entitles its holder to buy one trust unit at a specified price for two years.

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