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Coastal Energy Corporation: Press Release.


Business Editors

WINNIPEG Winnipeg, city, Canada
Winnipeg (wĭn`ĭpĕg), city (1991 pop. 616,790), provincial capital, SE Man., Canada, at the confluence of the Red and Assiniboine rivers.
, Manitoba--(BUSINESS WIRE)--Aug. 11, 2000

Coastal announced that it now owns 2,382,700 common shares of Gendis Inc.(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:GDS GDS Global Distribution System
GDS Google Desktop Search (Google)
GDS Goodie Domain Service (Vienna University of Technology, Austria)
GDS Guards
.) representing approximately 14.2% of the company.

The shares were purchased and are presently being held for investment purposes. Coastal may sell or acquire additional Gendis shares depending on market or other conditions.

Gendis Inc. is a holding company whose principal asset consists of a 22% interest in Fort Chicago Energy Partners LP.

Coastal Energy Corporation, a member of the Coastal Group is a private Winnipeg-based company.

Neither the Manitoba Securities Commission nor The Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 has approved nor disapproved of the information contained herein.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Aug 11, 2000
Words:111
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