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Gold/Mining/Energy : Winspear Resources

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To: The Fix who wrote (14777)	2/15/1999 7:43:00 PM
From: Gord Bolton	Read Replies (1) of 26850

**Good call on REL.TSE Off topic** Remington Energy Announces Exclusive Negotiation year high >$19.00 current $2.65 year low $2.55 CALGARY, Feb. 10 /CNW/ - Remington Energy Ltd. today announces that it has agreed to exclusively negotiate for a period ending February 25, 1999 with a substantial oil and gas producer to enter into a business combination by way of a cash takeover bid for all of the shares of Remington. Completion of the business combination is subject to a number of material conditions including completion of final due diligence, all necessary regulatory approvals, board approvals and certain shareholders of Remington entering into lock-up agreements. %SEDAR: 00000482E -30- For further information: Paul R. Baay, President & C.E.O., (403) 269-9309 My bet--at least 40% premium on current price.

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