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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (7852)12/11/1997 12:25:00 AM
From: Arnie  Read Replies (16) of 15196
 
CORP. / Chauvco Resources

CALGARY, Dec. 10 /CNW/ - Chauvco Resources Ltd. (''Chauvco'') announced
today that pursuant to its previously announced rights offering for the
issuance of Class A limited partnership units (''Class A Units'') of Fort
Chicago Energy Partners L.P. (''Fort Chicago''), the rights will commence
trading on The Toronto Stock Exchange, the Montreal Exchange and Alberta Stock
Exchange on December 11, 1997 under the trading symbol of CHA.RT. Rights will
be issued to shareholders of record on December 15, 1997 and such rights will
expire on January 6, 1998.

The Rights will only be distributed to persons who are residents of
Canada for Canadian income tax purposes. The Rights otherwise issuable to
Chauvco shareholders and optionholders who are not residents of Canada will be
sold on their behalf and the net after-tax proceeds will be distributed to
such non-residents. Such holders will be given the opportunity to give
written instructions to Montreal Trust until 4:30 p.m., local time, on
December 22, 1997 to sell Rights to qualified persons and receive the
after-tax proceeds. The offer and sale of the units have not been and will
not be registered under the United States Securities Act of 1933 or applicable
state securities laws and the rights may not be exercised in the United States
by or for the account or benefit of a U.S. person as defined in Regulation S
under the Securities Act of 1993.
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