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Gold/Mining/Energy : Big Bear Exploration BDX -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (48)	3/10/1999 1:13:00 PM
From: Buckey	Read Replies (1) \| Respond to of 77

Big Bear Exploration Ltd BDXShares issued 315,753,1341999-03-09 close $0.25Wednesday Mar 10 1999 Also Blue Range Resource Corporation (BBR.A) Mr. David Linder reports Staff of the Alberta Securities Commission has noted recent allegations made with respect to the takeover of Blue Range Resource Corp. by Big Bear Exploration Ltd. Arrangements continue to facilitate a review of the matter. Such review will include matters raised in: a letter of complaint from Big Bear management, a memo forming the basis for a news conference by Mr. Ironside, formerly of Blue Range, entitled "Response to Allegations", Big Bear's news release of Feb. 18, 1999, and an affidavit of Mr. Tonken filed in connection with Blue Range seeking protection from creditors under the Companies' Creditors Arrangement Act. The review will initially deal with the Blue Range reserve report of April 1, 1998, and its updates to Oct. 1, 1998 and Jan. 1, 1999, gas contracts and financial statements. The fact that a review is being undertaken should not be interpreted as a determination that fault or blame exists in these circumstances. Rather the issues raised require review in the public interest. The matters involved are extensive and complex and the Commission does not anticipate completion of the initial review before April 30, 1999. The Alberta Securities Commission is the industry financed regulatory agency responsible for administering the Alberta Securities Act. Its mission is to foster a fair and efficient capital market in Alberta and, together with the other members of the Canadian Securities Administrators, develop and operate the Canadian Securities Regulatory System.