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

To: Kerm Yerman who wrote (14729)	1/9/1999 2:31:00 AM
From: Kerm Yerman	Respond to of 15196

MERGERS - ACQUISITIONS / Big Bear Exploration Ltd. Extends its Offer CALGARY, ALBERTA-- Big Bear Exploration Ltd. announced today that approximately 89.3 percent of the outstanding common shares of Blue Range Resource Corporation have been tendered and taken up under Big Bear's Offer for all of the outstanding Blue Range common shares. Big Bear has also extended its offer to 3:00 p.m. (Calgary Time) on January 22, 1999. This extension will allow the remaining Blue Range shareholders to tender their shares following the 11 for 1 consolidation of Big Bear's shares which is expected to be implemented at the Special Meeting of Big Bear Shareholders scheduled for January 19, 1999. As a result, based on current stock market values, Blue Range shareholders who hold their shares in margin accounts should be able to tender their shares following the share consolidation on January 19, 1999 and receive in exchange 1 consolidated Big Bear share for each Blue Range share and thereby not adversely affect their ability to hold the consolidated Big Bear shares in their margin accounts. Big Bear Exploration Ltd. is a Calgary based oil and gas company listed on The Toronto Stock Exchange under the symbol "BDX".

To: Kerm Yerman who wrote (14729)	1/9/1999 2:34:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. ANNOUNCEMENT / Metalore Resources Limited Announces Details Of Purchase Of Common Shares TSE SYMBOL: MET JANUARY 8, 1999 TORONTO, ONTARIO--METALORE RESOURCES LIMITED ("the Company") announced its intention to purchase common shares. Subject to the approval of regulatory authorities, the Company may purchase up to 33,100 common shares representing less than two per cent of the Company's 1,745,000 outstanding common shares. Transactions will be executed at market prices to effect the purchase of the common shares under the rules of a normal course issuer bid over the facilities of the Toronto Stock Exchange. The Company has appointed Merrill Lynch as its broker to make the purchases. Metalore Resources Limited is engaged in the (1) exploration, development and production of natural gas in Southern Ontario, (2) exploration of mining properties in Northern Ontario and (3) establishment of a Wheat Co-products and Ethanol manufacturing plant in Western Canada.

To: Kerm Yerman who wrote (14729)	1/9/1999 2:37:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / IPSCO Steel Disappointed With Plan to Deal With Steel Imports IPSCO INC. TSE, NYSE, ASE SYMBOL: IPS JANUARY 8, 1999 MUSCATINE, IOWA--IPSCO Steel Inc. President Joe Russo today expressed extreme disappointment with the so-called "Comprehensive Plan for Responding to the Increase in Steel Imports" submitted to Congress by the White House. Russo said that the company had reviewed an Executive Summary of the plan and would undoubtedly have further comment after studying the full document. "Our preliminary reading leaves us with the impression that the plan is more of a description of past actions rather than a genuinely comprehensive scheme which will correct the fundamental problem which is an unprecedented surge of unfairly traded steel imports", he said. IPSCO Steel said that it and 11 other American steel producers were only five weeks away from a scheduled preliminary determination of dumping margins in a trade case against Japanese, Russian, and Brazilian hot rolled steel. We fully expect those findings to result in anti-dumping duties so large that hot rolled steel imports from these countries will be virtually shut out of the U.S. market. This fact alone would reduce overall Japanese steel imports to 1997 levels without any of the pressure on the Japanese government proposed by the Administration. What the Administration is saying the Japanese will do will result from the trade case, not because of Administration action. Similarly IPSCO said that a possible suspension agreement suggested by the Administration would allow Russia to export more steel to America at lower prices than would result if the trade case were played out. "Rather than providing relief to domestic steelmakers a suspension agreement would guarantee ongoing harm to American steelworkers when we are on the threshold of clearing up the Russian problem as the result of our own initiatives". IPSCO Steel said that it and the 11 other petitioners in the hot rolled steel case had repeatedly told the Administration that a suspension agreement would not be welcomed. Russo said the Administration's plan did not even mention steps to reduce steel imports from Korea, one of the larger sources of foreign steel being shipped to the U.S. This was extremely disappointing since Korea was one of the biggest offenders with substantially higher import volumes coming in throughout 1998 for an increase of 105 percent compared to the same period in 1997. IPSCO Steel said that the Administration's proposed "Early Warning System" to follow imports, while an improvement over the current system, did not include monitoring of proposed steel imports, such as did the Mexican and Canadian government systems. "We realize a system similar to those of our NAFTA partners will require legislation but we see no reason the Administration should not support changes to the law which would result in genuine early warnings". IPSCO Steel said that although disappointed with the plan it believed the Administration was genuinely concerned with the steel industry's problems and it welcomed the Administration's offer to hold early talks with industry leaders to seek ways to improve the plan. This news release contains forward looking information with respect to IPSCO's operations and beliefs. Actual results may differ from these forward looking statements due to numerous factors, including those discussed in IPSCO's 1997 Annual Report for its fiscal year ended December 31, 1997.

To: Kerm Yerman who wrote (14729)	1/9/1999 2:39:00 AM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

ENERGY TRUSTS / NCE Diversified Income Trust (NCD.UN) TSE/ME December Distribution Six Cents ($0.06) Per Unit NCE DIVERSIFIED INCOME TRUST TSE, ME SYMBOL: NCD.UN JANUARY 8, 1999 TORONTO, ONTARIO-- John Driscoll, President of NCE Resources Group, announced today the distribution for the month of December, 1998, for NCE Diversified Income Trust. - The distribution for December, 1998, is six cents ($0.06) per unit. - The distribution will be payable on January 8, 1999, to holders of record on December 31, 1998. - The total value of the December distribution is $ 1,338,006. - Distributions of the Trust for the last 12 months are $0.403 per unit. Trading information NCE Diversified Income Trust trades on The Toronto Stock Exchange and the Montreal Exchange under the symbol NCD.UN. - The price for NCE Diversified Income Trust on The Toronto Stock Exchange at the close of market on January 7, 1999, was $3.05. - The Net Asset Value Per Unit (NAVPU) as of December 21, 1998, was $3.66 per unit. - NCE Diversified has a monthly distribution reinvestment plan. NCE Diversified Income Trust NCE Diversified Income Trust is a closed-end trust with the objective of maximizing distributions to unitholders by investing in energy-related royalty and income trusts and, to a lesser extent, real estate investment trusts (REITs). Holdings As at December 21, 1998, the holdings in the portfolio by asset value weighting were: 1. Superior Propane Income Fund 2. Canadian Oil Sands Trust 3. Northland Power Income Trust 4. Pembina Pipeline Income Fund 5. ARC Energy Trust 6. PrimeWest Energy Trust 7. Pengrowth Energy Trust 8. NAL Oil & Gas Trust 9. Orion Energy Trust 10. H & R Real Estate Investment Trust 11. Luscar Coal Income Fund 12. Enermark Income Fund 13. Riocan REIT 14. Residential Equities REIT 15. RealFund Trust 16. Starcor Energy Trust 17. Labrador Iron Ore Income Fund 18. CAP REIT 19. Morguard REIT 20. Morrison Facilities Income Fund 21. Legacy Hotel REIT 22. CHIP REIT This represents 100 percent of the portfolio's holdings. NCE Resources Group NCE Resources Group is an oil and gas investment management organization, providing a full range of technical, operational, administrative and investor services.