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 (7992)	12/17/1997 9:43:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / IPSCO Inc. Announces Collective Agreement Reached IPSCO INC. TSE, ASE, NYSE SYMBOL: IPS DECEMBER 16, 1997 REGINA, SASKATCHEWAN--Ted Rignanesi, Business Agent for the Shopmen's Local Union No.805 of the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers, today announced the ratification of a new Collective Agreement at the IPSCO Inc., Red Deer, Alberta location. The new Agreement, which will be in effect from January 1, 1998 until December 31, 2001, covers some 124 bargaining unit employees. Changes in the new Agreement include increases in members' wages, profit sharing plan, benefits and pensions. "We are pleased that a contract was negotiated which gives our members wage and profit sharing improvements in the good markets that exist today, and also provides a stable four year period for further growth", said Rignanesi. "The Union and the Company reached this agreement after positive and constructive bargaining", said Bob Scott, Chief Shop Steward. "Our relationship with the Company over the 14 years since IPSCO purchased the Red Deer pipe mill has been extremely positive. This Red Deer plant has never experienced a work stoppage from a labour dispute and with an aggressive safety program the plant has operated over 207 days without a lost time accident. Our members have worked hard to make this operation a success and the Company has continued to invest in this operation", he continued. "We, the Ironworkers Local 805, take pride in our members and their Bargaining Committee and congratulate them on their fine accomplishments. We look forward to continued growth", concluded Rignanesi.

To: Kerm Yerman who wrote (7992)	12/17/1997 9:46:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Solid State Geophysical Takeover Status SOLID STATE GEOPHYSICAL INC. TSE SYMBOL: SSS DECEMBER 16, 1997 Solid State Update CALGARY, ALBERTA--Solid State Geophysical Inc. (TSE:SSS) today announced that it has learned that the motion requesting a temporary injunction and restraining order and preliminary injunction to cause SSGI Acquisition Corp. to refrain from continuing or consummating the acquisition of Solid State Geophysical Inc. was not granted by the Delaware court. Solid State Geophysical Inc. has been advised that SSGI Acquisition Corp. will proceed with the take-over bid for all of the issued and outstanding shares not presently owned by SSGI Acquisition Corp. or its affiliates. The take-over bid is open for acceptance until 6:00 p.m. (Calgary time) on December 19, 1997, and shareholders of Solid State Geophysical Inc. may deposit their shares in accordance with the terms of the offer previously delivered to shareholders.