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

To: Kerm Yerman who wrote (12818)	10/16/1998 6:36:00 AM
From: Kerm Yerman	Respond to of 15196

MERGERS - ACQUISITIONS / Shareholders and Courts Approve Del Roca Energy and Tekerra Gas Merger CALGARY, ALBERTA--At Special Meetings of Shareholders held on October 9, 1998, the Shareholders of DEL ROCA ENERGY INC. ("Del Roca") and TEKERRA GAS INC. ("Tekerra") have voted in favour of amalgamating the two companies under the name of Del Roca Energy Ltd. The Court of Queen's Bench has also approved the Plan of Arrangement during a hearing on October 13, 1998. This merger was first announced July 9, 1998 and amended August 25, 1998. Shareholders of Tekerra will receive 0.6000 common shares of Del Roca Energy Ltd. per common share held in Tekerra and shareholders of Del Roca Energy Inc. will receive 0.29875 common shares of Del Roca Energy Ltd. per common share held. Del Roca Energy Ltd. will have approximately 12,640,000 common shares issued and outstanding, and will trade on the Alberta Stock Exchange. It is anticipated that the Amalgamation will be complete by October 31, 1998 at which time new share certificates of Del Roca Energy Ltd. will be distributed. Trading in the common shares of Del Roca Energy Ltd. will commence after approval of the new trading symbol has been obtained from the Alberta Stock Exchange.