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Gold/Mining/Energy : CDN. Oil/Gas Cos. - Shareholder Maximization -- Ignore unavailable to you. Want to Upgrade?

To: Richard Saunders who wrote (48)	5/18/2001 11:30:40 AM
From: Scott Mc	Respond to of 56

Richard, didn't understand the release yday so I've sold my MGY, however might be a better offer is coming? Scott Magin Energy Inc MGY Shares issued 33,978,962 2001-05-16 close $5.57 Wednesday May 16 2001 News Release Also NCE Petrofund (NCF.UN) Mr. Glenn Carley reports Magin Energy has extended the separation time under its shareholder rights plan from 5 p.m. (Calgary time) on May 16, 2001, to 5 p.m. (Calgary time) on Aug. 20, 2001, to facilitate the offer by NCE Petrofund to purchase all of the issued and outstanding shares of Magin. The separation time may be further amended as the board of directors may subsequently determine. The Magin board has also waived the flip-in provisions of its shareholder rights plan as it relates to the NCE Petrofund offer and consequently any other formal takeover bid made while the NCE Petrofund offer is subsisting.