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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (11112)	6/9/1998 12:10:00 PM
From: Kerm Yerman	Read Replies (1) of 15196

CORP. / Colt Energy Normal Course Issuer Bid COLT ENERGY INC. - ANNOUNCES IT HAS OBTAINED REGULATORY APPROVAL Date: 6/5/98 6:29:01 PM Stock Symbol: COE COLT ENERGY INC. ("Colt") announces that it has obtained regulatory approval to proceed with a normal course issuer bid whereby Colt may purchase up to a total of 2,004,642 common shares representing approximately 10% of the common shares currently issued and outstanding in the public float of 20,046,424. It is expected that the normal course issuer bid will commence on June 10, 1998 and terminate on June 10, 1999. All acquisitions of common shares by Colt pursuant to the bid will be made through the facilities of The Alberta Stock Exchange at the market price. Colt is making a bid to stabilize the trading price and provide liquidity in the market for its common shares.

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