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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: David Culver who wrote (398)	6/20/2000 5:48:00 PM
From: Scott Mc	Read Replies (1) of 11633

Cheap way to buy PrimeWest, buy ROI.(I just sold my ROI in the last 2 weeks at 0.49 for a slight loss, didn't like the management) PrimeWest Energy and Reserve Royalty have entered into an agreement whereby PrimeWest will offer to purchase all of the issued and outstanding common shares of Reserve Royalty. The offer will consist of the exchange of 0.065 of a PrimeWest trust unit for each Reserve Royalty share and the assumption by PrimeWest of Reserve Royalty's debt. Based on June 19, 2000, closing prices of $8.10 per trust unit for PrimeWest and 38 cents per share for Reserve Royalty, the offer represents a 38.6-per-cent premium to Reserve Royalty's closing price.

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