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Gold/Mining/Energy : Repap (RPAPF) -- Ignore unavailable to you. Want to Upgrade?

To: oki kwon who wrote (410)	5/26/1999 7:54:00 PM
From: Brian Diggle	Read Replies (1) \| Respond to of 485

Approval of Continuance under New Brunswick Business Corporation Act I just received the information on the AGM & Special Meeting. The proxy has a vote on moving from the Canadian Business Corporations Act (CBCA)to the New Brunswick Business Act (NBBCA). On reading through the differences between CBCA & NBBCA, I see that under CBCA, that only 10% of a company can be bought without making the same offer to all shareholders. Under NBBCA the limit is % 50!! (See Take-Over Bid Rules, p 14). My take is that the directors are preparing to sell the company off. My question is: Is this good for minority shareholders? Any comments would be appreciated. Yours truly, Brian Diggle