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Strategies & Market Trends : Bankruptcy Predictor Model

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To: Razorbak who wrote (1)3/3/2000 10:10:00 PM
From: Razorbak  Read Replies (2) of 477
 
ABACF - "Abacan Makes Assignment into Bankruptcy"

Friday March 3, 6:06 pm Eastern Time

Company Press Release

Abacan Makes Assignment into Bankruptcy

CALGARY, Alberta--(BUSINESS WIRE)--March 3, 2000-- ABACAN(TSE:ABC. - news; OTC Bulletin Board:ABACF - news)

Abacan Resource Corporation (TSE:ABC - news; OTC BB:ABACF) announces that it has today made a voluntary assignment for the general benefit of creditors pursuant to the Bankruptcy and Insolvency Act (Canada). All of the officers and directors of the Corporation have resigned effective March 2, 2000.

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Contact:

KPMG
Brian Trypka, 403/691-8310
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