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

To: Herb Duncan who wrote (8227)	1/2/1998 5:19:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. / Windsor Energy Normal Course Issuer Bid WINDSOR ENERGY CORPORATION TSE SYMBOL: WNS DECEMBER 31, 1997 Windsor Energy Corporation To Make Normal Course Issuer Bid CALGARY, ALBERTA--Windsor Energy Corporation (TSE - WNS) announces that it has filed with The Toronto Stock Exchange a notice of intention to make a normal course issuer bid to purchase up to a maximum of 1,364,136 Common Shares (5 percent of the outstanding Common Shares) over the next twelve months. Not more than 2 percent of the outstanding Common Shares will be purchased in any 30-day period. As of December 5, 1997 the Corporation had 27,282,722 Common Shares outstanding. The normal course issuer bid will commence on January 7, 1998 and terminate on January 6, 1999. The Common Shares will be purchased on the open market by Scotia Mcleod Inc., the Corporation's broker, from time to time through the facilities of The Toronto Stock Exchange. Common Shares purchased will be paid for with cash available from the Corporation's working capital. All shares purchased by the Corporation will be cancelled and returned to treasury. The Corporation believes that the purchase of its Common Shares at recent market prices is a worthwhile investment and is in the best interests of the Corporation and its shareholders. The Corporation believes that recent market prices of its Common Shares do not properly reflect the underlying value of the Common Shares.