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

To: Herb Duncan who wrote (12012)	8/6/1998 4:50:00 PM
From: SofaSpud	Respond to of 15196

GENERAL INTEREST / Balm & Fracmaster receipts ALFRED H. BALM INSTALMENT RECEIPTS STATEMENT GENEVA, SWITZERLAND, Aug. 6 /CNW/ - Alfred H. Balm, the Selling Shareholder of Fracmaster Ltd. Common Shares pursuant to Instalment Receipts has made the following statement: ''In response to recent comments in the press, I wish to make my position clear with respect to the payment on Fracmaster Ltd. Instalment Receipts due on September 9, 1998. I have not and will not consider deferring the final payment to a later date. I have no reason to believe that the holders of the Instalment Receipts will not abide by their contractual obligation to make the payment due on September 9, 1998. It is premature to make any comments on what steps I might take if any investor should fail to make the payment. I am not in any discussions with investment dealers, interested parties or Fracmaster with respect to any of these issues. -30- For further information: Alfred H. Balm, Switzerland