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

To: Kerm Yerman who wrote (12484)	9/25/1998 3:01:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. NOTICE / Olympia Energy Normal Course Issuer Bid OLYMPIA ENERGY INC. - PLANS TO REPURCHASE COMMON SHARES Date: 9/25/98 1:59:02 PM Dateline: CALGARY. ALBERTA Stock Symbol: OLY.A OLYMPIA ENERGY INC. ("Olympia") announces that it has filed with The Toronto Stock Exchange and other applicable regulatory authorities a Notice of Intention to Make Normal Course Issuer Bid which shall commence on September 29, 1998 and terminate on September 28, 1999, or the earlier of the date all shares which are subject to the Normal Course Issuer Bid are purchased. In the opinion of the Board of Directors of the Corporation, the market price of the Common Class "A" Shares of the Corporation has recently not accurately reflected the value of those shares. As a result, the Corporation's Common Class "A" Shares may become available for purchase at prices which make them an appropriate use of funds of the Corporation. Olympia intends to attempt to acquire up to the lesser of (i) 1,802,367 of its Common Class "A" Shares over the next six-month period representing 5% of the outstanding Common Class "A" Shares and (ii) that number of Common Class "A" Shares with an aggregate value of $500,000. Any Common Class "A" Shares purchased pursuant to the Normal Course Issuer Bid will be canceled upon such purchase. There are 36,047,339 Common Class "A" Shares of Olympia Energy Inc. currently issued and outstanding. Purchases subject to this Normal Course Issuer Bid will be carried out pursuant to open market transactions through the facilities of The Toronto Stock Exchange.