Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (7361)	11/22/1997 3:29:00 AM
From: Kerm Yerman	Respond to of 15196

DIVIDEND / Akita Drilling Announces First Quarterly Dividend CALGARY, Nov. 21 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of its first quarterly dividend. Previous dividends had been paid on a semi-annual basis. AKITA Drilling Ltd. declared an ordinary cash dividend of six cents ($0.06) per share on the outstanding Class A Non-Voting and Class B Common shares of the Corporation with a Record Date as at the close of business on December 20, 1997 and a payment date of January 2, 1998. AKITA is an Alberta corporation engaged in the contract drilling business and is listed on the Toronto Stock Exchange under the symbol AKT.

To: Kerm Yerman who wrote (7361)	11/22/1997 4:11:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Prudential Steel Splits Stock 3-1 PRUDENTIAL STEEL LTD. TSE SYMBOL: PTS NOVEMBER 21, 1997 CALGARY, ALBERTA--Prudential Steel Ltd. announced that effective the opening of business today, the common shares of the company were posted for trading on a three for one split basis. Shares are listed on the Toronto Stock Exchange. Common shareholders of record as of the close of business on Tuesday, November 25, 1997 will receive a certificate representing two additional common shares for each common share held. These certificates will be issued on November 28, 1997. Due to the current postal strike, the additional share certificates will be couriered to all registered shareholders. Prudential's stock split has resulted in the issuance of an additional 20,142,092 shares for a total of 30,213,138 common shares outstanding. Prudential Steel has continued to post strong financial and operating performance. Results for the nine months ended September 30 were released on October 27 and included a 148 per cent increase in net earnings to $29.2 million or $2.97 per share. Record drilling activity continues to positively affect sales, which were up 57 per cent to $252.3 million over the past nine-month period.