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: SofaSpud who wrote (12472)	9/24/1998 7:28:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. NOPTICE / Amber Energy Announces Directors Circular CALGARY, Sept. 24 /CNW/ - Amber Energy Inc. (''Amber'') today announced that the Directors Circular in response to the unsolicited offer by Alberta Energy Company Ltd. (''Alberta Energy'') for the shares of Amber is expected to be mailed to shareholders on Monday, September 28, 1998. Richard Lewanski, President of Amber, commented that: ''Amber is continuing its review of strategic alternatives available in the circumstances and is responding to significant interest expressed already by third parties. A number of parties have been through and others are scheduled to visit Amber's data rooms. The Directors Circular will provide the Board of Directors' formal response to Alberta Energy's unsolicited offer. I strongly encourage shareholders to read the Directors Circular and await the outcome of the process initiated by Amber and its financial advisors. The management of Amber continues to believe that the offer by Alberta Energy is opportunistic and completely inadequate.'' In addition, the Board of Directors of Amber has deferred the separation time under the Shareholder Rights Protection Plan from the close of business on September 24, 1998 to the close of business on October 6, 1998 or such later time as the Board of Directors may determine. Under the Plan, the announcement by Alberta Energy of its intention to make the offer for the common shares of Amber initiated the time period toward the separation of the rights from the common shares. At the separation time, the rights would begin to trade separately from the common shares. Amber currently believes it would be premature to permit the separation time to occur today in respect of the Alberta Energy offer. Amber is an independent Canadian oil and gas exploration, development and production company with common shares trading on The Toronto Stock Exchange and The Alberta Stock Exchange under the symbol AMB.

To: SofaSpud who wrote (12472)	9/24/1998 7:51:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCIAL / Belair Energy Extends Warrants CALGARY, Sept. 24 /CNW/ - BelAir Energy Corporation is pleased to announce today that the expiry date for the exercise of purchase warrants issued September 25, 1997 (issued by Windstar Energy Ltd. which subsequently amalgamated with BelAir on June 30, 1998), scheduled to expire on September 25, 1998, has been extended to September 25, 1999, and the expiry date for warrants issued by BelAir on December 18, 1997, scheduled to expire on December 18, 1998, has been extended to December 18, 1999. The remaining terms and conditions of both sets of warrants are unchanged. The Alberta Stock Exchange has approved the extension of the expiry dates of both sets of warrants subject to BelAir meeting certain regulatory requirements. BelAir Energy Corporation is based in Calgary and is involved in the exploration and exploitation of petroleum reserves in Western Canada. BelAir is listed on The Alberta Stock Exchange and trades under the symbol ''BGY''.