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To All, Don't know what this is going to do when it comes back on but it's worth a watch......(maybe even a gold one.) Intention of sale of control block Federal Energy Corporation Ltd FEK Shares issued 19,981,044 Jan 23 close $0.45 Thu 23 Jan 97 News Release Mr Jeff Ross reports The company's five principal shareholders executed a letter of intent to sell 10,000,000 shares of the company's 19,981,044 currently issued shares to a group of investors principally in Vancouver. Concurrently with the sale of the shares of Federal, the principal shareholders will purchase from Federal all of the shares of its subsidiaries, namely Chem TECH Environment Inc, 957263 Ontario Inc and Royal Canadian Energy Corp. The closing of this transaction is subject to receiving all applicable regulatory approvals and the entering into of a formal acquisition agreement. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Federal Energy Corporation Ltd FEK Shares issued 19,981,044 Jan 23 close $0.45 Tue 4 Mar 97 Halt Trading Trading was halted as of 5:01 am pacific time, March 4 1997, pending an announcement. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Good Luck CB. | ||||||||||||||
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