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Gold/Mining/Energy : Repap (RPAPF)

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To: wayne who wrote ()	1/8/1998 6:23:00 PM
From: leigh aulper	Read Replies (1) of 485

1/8/98 Repap Enterprises 6.6% Stake Bought By CIBC Oppenheimer NEW YORK -(Dow Jones)- CIBC Oppenheimer has acquired a 6.6% stake in Repap Enterprises Inc., according to Federal Filings Business News. CIBC Oppenheimer acquired 49,070,800 Repap Enterprises (RPAPF) common shares for investment purposes and has no extraordinary plans regarding the company, Federal Filings reported Wednesday. However, the brokerage firm said it purchased the shares because it believes they are currently undervalued, Federal Filings reported. The stock, which didn't trade Wednesday, closed Tuesday at 9.4 cents a share. Repap Enterprises produces coated groundwood paper.

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