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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8247)	1/2/1998 9:10:00 PM
From: Arnie	of 15196

DIVIDEND / Gulf Canada Resources CALGARY, Jan. 02 /CNW/ - Gulf Canada Resources Limited today announced that the dividend rate for the month of December 1997 for Gulf Canada Resources Limited's Fixed/Adjustable Rate Senior Preference Shares, Series 1, has been calculated at $0.019 per share. The dividend rate is payable January 12, 1998 to shareholders of record at the close of business on December 31, 1997.

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