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To: AGORA who wrote (411)1/6/1998 12:06:00 PM
From: Ed Pakstas  Respond to of 783
 
Subject:
Stockwatch: Repap Enterprises Inc - In the News
Date:
Tue, 06 Jan 1998 06:32:25 -0800
From:
newsout@canada-stockwatch.com
To:
edpak@georgian.net

Van Sun says Skeena truck loggers set to vote

Repap Enterprises Inc RPP
Shares issued 742,460,637 Jan 5 close $0.19
Tue 6 Jan 98 In the News
The Vancouver Sun reports in its Tuesday edition that BC premier Glen
Clark's special commissioner on Skeena Cellulose has completed his four-day
fact-finding tour of west central BC towns on Monday, saying he has no cash
to offer logging contractors who are to vote on Tuesday on the final Skeena
restructuring package. Reporters Gordon Hamilton and Justine Hunter note
that Ralph Torney, past president of the Truck Loggers Association, says
that more money is probably not an option. Mr Torney, however, says he
wants to see the contractors, who employ more than 1000 people supplying
logs for Skeena, given solid assurances they will be paid regularly in the
future, so they do not wind up being owed so much again. Skeena stopped
paying its logging contractors in 1996, but under legislation governing
forest practices, the loggers were required to keep working. When the
company sought creditor protection on March 3 1997, they became unsecured
creditors.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com