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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (11115)6/5/1998 11:57:00 AM
From: SofaSpud  Read Replies (1) of 15196
 
NORMAL COURSE ISSUER BID / Green Maple Energy

GREEN MAPLE ENERGY INC. NORMAL COURSE ISSUER BID

CALGARY, June 4 /CNW/ - Green Maple Energy Inc. today announced that the
Alberta Stock Exchange has accepted a notice filed by the Corporation of its
intention to make a normal course issuer bid to purchase up to 1,400,000
Voting Class A Common Shares (GMN.A) (the ''Shares'') of the Corporation,
being 10% of the public float of the Voting Class A Common Shares.
The Corporation believes that purchases of the Shares at current market
prices represent an attractive opportunity to realize shareholder value and an
appropriate and desirable use of the Corporation's available case.
These purchases are to be made through the facilities of the Alberta
Stock Exchange in accordance with their respective policies on normal course
issuer bids. The price which the Corporation will pay for any Shares will be
the market price at the time of acquisition, plus brokerage fees. Purchases
may commence on June 8, 1998 and will terminate no later than June 8, 1999.
The Corporation has not purchased any of its outstanding Shares within
the 12 months preceding the date of this normal course issuer bid.
Green Maple is an oil and gas exploring and operating company whose
Common Shares are listed on the Alberta Stock Exchange under the symbol GMN.

The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.

-30-
For further information: Varoujan Basmadjian, President, Green Maple
Energy Inc., (403) 264-0265

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