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

To: Herb Duncan who wrote (7923)	12/13/1997 12:11:00 AM
From: Kerm Yerman	Respond to of 15196

MAJOR TRANSACTION- JCP /QR Canada Capital Inc. Property Acquisition QR CANADA CAPITAL INC. ASE SYMBOL: QRI DECEMBER 12, 1997 QR Canada Capital Inc. Executes Letter of Intent MONTREAL, QUEBEC--QR CANADA CAPITAL INC. ("QR" or the "Corporation"), a junior capital pool corporation listed on The Alberta Stock Exchange (ASE - "QRI"), announces that it has executed a letter of intent to acquire oil and gas properties in the Province of Alberta with a value in the range of $500,000 to $1,000,000. The acquisition, which will be funded by way of private placement, is intended to be the Corporation's "Major Transaction" under ASE Circular No. 7. The transaction and the related private placement are subject to regulatory and shareholder approval and completion of satisfactory due diligence. The Corporation proposes to issue up to 2,500,000 units ("Units") of QR at $0.40 per Unit on a private placement basis. The proceeds of the private placement will be used to purchase the oil and gas properties in question. Each Unit would be comprised of one common share of QR and one common share purchase warrant, each warrant exercisable at $0.50 per warrant into one common share of the Corporation for 18 months following the approval of the Major Transaction by the shareholders of the Corporation. The exact number of Units issued may vary depending upon the results of an independent engineering evaluation to be performed on the oil and natural gas properties to be acquired. Information with respect to the specific properties to be acquired, the results of the independent engineering evaluation on the properties and the exact number of Units to be issued will be contained in a separate press release to be issued in January, 1998.

To: Herb Duncan who wrote (7923)	12/13/1997 12:18:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / American ECO Receives Achievement Award AMERICAN ECO CORPORATION CBOE SYMBOL: EOQ TSE SYMBOL: ECX NASDAQ SYMBOL: ECGOF DECEMBER 12, 1997 American Eco EPA Award for Saving Refinery $17.0 million HOUSTON, TEXAS--Michael E. McGinnis, Chairman, President and CEO of American Eco Corporation announced that Separation and Recovery Systems (SRS), a wholly owned subsidiary of American Eco Corporation, has been recognized by the Marathon Oil Company's Garyville, Louisiana refinery, for producing significant cost savings as well as achieving the highest standards of excellence in environmental compliance. The Marathon facility has been awarded the EPA Environmental Excellence Award and the 1997 Governors Award for Outstanding Achievement in Pollution Prevention. The SRS SAREX System has successfully recovered over 160,000 barrels of oil from waste at the site, saving the refinery more than $3.5 million per year in disposal costs since 1991. The SAREX technology has allowed the Marathon facility to be delisted as a hazardous waste site, being only the second refinery in the US and the first in Louisiana to reach this goal, reclassifying over two million pounds of material as non-hazardous. "We are pleased that Marathon has recognized our participation in their extremely successful program," said Michael McGinnis, Chairman, President and CEO of American Eco, "Our success at this facility continues to demonstrate our commitment to cost effectively solve our customer's environmental and waste problems."