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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14252)	12/12/1998 11:15:00 AM
From: Kerm Yerman	of 15196

IN THE NEWS / Big Bear Exploration Completes Takeover Of Blue Range Resources By NATE SWIRES -- Calgary Sun Big Bear Exploration Ltd. is moving into the offices of rival Blue Range Resource Corp. this weekend. "We should be open for business on Monday," said Big Bear chief executive Jeffery Tonken. The move comes after Calgary-based Big Bear an-nounced yesterday its completion of the $300.1-million acquisition of the much larger Blue Range. Big Bear said it has received the go-ahead of at least 65% of Blue Range shareholders. "As a result of our meeting with the Blue Range board of directors (late Thursday), we understand that no other acceptable proposals were received," said Tonken in a release. "We intend to build a large natural gas company (from the merger)."

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