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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (8799)	2/3/1998 3:33:00 PM
From: Herb Duncan	of 15196

ENERGY TRUSTS / Reserve Royalty Corporation Advises of Issuance of Receipts for Prospectus in Alberta, Ontario and Manitoba TSE SYMBOL: ROI FEBRUARY 3, 1998 CALGARY, ALBERTA-- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. RESERVE ROYALTY CORPORATION (TSE: ROI) advises that it has received receipts for a final prospectus from the Alberta, Manitoba and Ontario securities commissions to qualify the distribution of common shares of Reserve Royalty on the exercise of the special warrants issued November 5, 1997. Holders of Special Warrants resident in those provinces may now exercise their Special Warrants and receive free trading common shares. Special Warrant Holders resident in Quebec may not receive free trading shares until a receipt has been issued by the Quebec securities commission, anticipated to occur tomorrow. Reserve Royalty Corporation (TSE: ROI) is an innovative financial company which creates gross overriding royalties in the oil & gas industry through off balance sheet financing for industry partners and by the redeployment of oil & gas assets acquired by the Corporation.

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