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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14106)	12/8/1998 8:45:00 AM
From: Kerm Yerman	of 15196

IN THE NEWS / Remington Energy Dips --- Puts Record Straight Garry Marr Financial Post Remingtonn Energy Ltd. (REL/TSE), down 40¢ to $4.80, on volume of 479,655 shares. The company issued a release yesterday about "misstatements disseminated by an investment dealer" in the past week. The stock was as high as $7.25 on Monday, Dec. 1, but had fallen to $4.50 by Wednesday, something Remington officials blamed on the statement that $75-millionn of credit had been called by company's bankers. "There is no foundation for the statement that any part of our banking facility has been called or is due at this time. The investment dealer has published a statement acknowledging that its information was incorrect," said Paul Baay, president of Remington. The company's releases did little to spur the stock, which fell 7.7%.

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