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

To: Herb Duncan who wrote (13177)	11/4/1998 3:15:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. NOTICE / Redeco Energy Inc. - Special Meeting of Shareholders Set CALGARY, ALBERTA--Redeco Energy Inc. today said that it has set December 29, 1998 as the date for a Special Meeting of Shareholders called for the purpose of seeking shareholder approval of the recently announced (October 13, 1998) sale of assets to Costilla Energy Inc. In announcing the meeting, William C. Liedtke, Chief Executive Officer of Redeco reiterated his previously stated belief that the asset sale, in exchange for cash and a 12.5 percent net profits interest in both the Romanian and Moldovan projects, represented the best opportunity to provide future value to the Company's shareholders, given the difficult capital markets faced by the Company. "We no longer have a requirement to provide capital to the projects, but have retained a significant opportunity to participate in future success. We are currently proceeding with the documentation necessary to complete the transaction." Redeco is listed on the Alberta Stock Exchange under the symbol "RE".