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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8638)1/23/1998 3:50:00 PM
From: Kerm Yerman   of 15196
 
ACQUISITIONS - MERGERS / Sunoma Energy Acquires 93% of Orbit Oil & Gas
Shares

SUNOMA ACQUIRES 93% OF ORBIT SHARES

CALGARY, Jan. 23 /CNW/ - Sunoma Energy Corp. announces that approximately
93% of the outstanding common shares of Orbit Oil & Gas Ltd., excluding those
previously owned by Sunoma, have been tendered under Sunoma's offer for all of
the Orbit common shares, which expired January 22, 1998. Sunoma has taken up
all of the shares validly tendered and is in the process of acquiring the
remaining Orbit shares pursuant to the compulsory acquisition provisions of
the Business Corporations Act (Alberta).
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