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Canadian 88 Energy Corp. Receives Approval to Pay Prize Energy Inc. Dividend.


CALGARY, ALBERTA--(BUSINESS WIRE)--Oct. 29, 1999--

Canadian 88 Energy Corp. of Calgary, Alberta (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:EEE.)(Alberta Stock Exchange Alberta Stock Exchange

See Canadian Venture Exchange (CDNX).
: EEE.) (AMEX AMEX

See: American Stock Exchange
:EEE) announced today that it has received formal approval to proceed with its previously announced dividend to shareholders of its holdings of common shares of Prize Energy Inc. (PZI:ASE). Receipt of a final prospectus was received yesterday (October 28, 1999) from the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance.  and other Canadian securities commissions required to facilitate the transaction. The filings will allow Canadian 88 shareholders to receive Prize shares free of trading restrictions. No similar filings were required in the United States.

Canadian 88's intention is to announce the record and payment dates for the dividend and its shares will begin trading "ex-dividend" two trading days before the record date.

Canadian 88 Energy Corp. (EEE) is an independent public oil and gas company with its head office in Calgary, Alberta, Canada. The shares of Canadian 88 Energy Corp. are traded on the Toronto, Alberta and American Stock Exchanges This is a list of American stock exchanges. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term Bolsa de Valores, meaning 'bag' or 'purse' of 'values'. .

The information contained herein has neither been approved nor disapproved by the Toronto, Alberta and American Stock Exchanges.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 3, 1999
Words:185
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