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Microcap & Penny Stocks : FMA / FracMaster -- Ignore unavailable to you. Want to Upgrade?

To: Taff who wrote (228)	6/8/1999 9:17:00 AM
From: oilmaster	Read Replies (1) \| Respond to of 233

Fracmaster Ltd - Globe says appeal's court upholds Fracmaster sale Fracmaster Ltd FMA Shares issued 47,888,492 1999-04-27 close $0.5 Tuesday Jun 8 1999 The Globe and Mail reports in its Tuesday, June 8, edition that the Alberta Court of Appeal has upheld the sale of insolvent Fracmaster's assets to Houston-based BJ Services for $80-million. The Globe's News Bulletins column reports that a three-member panel of the Appeal Court ruled yesterday that receiver Arthur Andersen Inc. properly solicited sealed bids for Calgary-based Fracmaster. Last month, the Alberta Court of Queen's Bench approved BJ's bid after earlier rejecting three separate proposals from UTI Energy Corp., Calfrac Ltd. and Janus Corp., a company controlled by former Fracmaster chairman Alfred Balm. Fracmaster's share price collapsed last year because of its troubles in Russia's oil field services sector, reports The Globe. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com