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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?


To: The Fix who wrote (14777)2/15/1999 7:43:00 PM
From: Gord Bolton  Read Replies (1) | Respond to of 26850
 
****Good call on REL.TSE ****Off topic****
Remington Energy Announces Exclusive Negotiation
year high >$19.00 current $2.65 year low $2.55

CALGARY, Feb. 10 /CNW/ - Remington Energy Ltd. today announces that it
has agreed to exclusively negotiate for a period ending February 25, 1999 with
a substantial oil and gas producer to enter into a business combination by way
of a cash takeover bid for all of the shares of Remington.
Completion of the business combination is subject to a number of material
conditions including completion of final due diligence, all necessary
regulatory approvals, board approvals and certain shareholders of Remington
entering into lock-up agreements.
%SEDAR: 00000482E

-30-

For further information: Paul R. Baay, President & C.E.O., (403)
269-9309

My bet--at least 40% premium on current price.