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

To: Kerm Yerman who wrote (11480)	6/26/1998 5:47:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. / AME Resource Capital Corp. To distribute Backer Petroleum Corp. Shares BACKER PETROLEUM CORP. ANNOUNCEMENT Date: 6/25/98 12:39:45 PM Stock Symbol: BCM Backer Petroleum Corp. ("Backer") announces that it has been advised by parent company, AME Resource Capital Corp., that AME intends to distribute Backer Common shares currently held by AME to the shareholders of Backer, on a tax-free basis. This distribution is subject to receiving a favourable tax ruling from Revenue Canada and regulatory approval.