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Warrants Alert

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Warrant Symbol - RRE.WT.A
Number  Trading - 1,000,000
Expiration Date - $2.89 to October 13 1994; $3.16 to October 13 1995
Cusip - 758916 15 9

Warrants called to trade news:
 
1993-10-12 16:16 MT - SMF Date Price Fixed
 
Effective date:  August 18 1993
Expiry date:  February 15 1994
Offering date:  October 13 1993
Offering:  500,000 units consiting of one share and two A warrants (350,000 guaranteed, 150,000 best efforts)
Wt to buy one share:  Two
Price:  $2.89
Wt exercise price:  $2.89 to October 13 1994; $3.16 to October 13 1995
Agents:  Canaccord
Agents Wt:  For 87,500 shares
Wt exercise price:  $2.89 to October 13 1994; $3.16 to October 13 1995
Shareholder offering:  793,000 shares previously issued to shareholders and an additional 793,000 which may be acquired by exercise of warrants. No proceeds from this sale will be received by the company.

Transfer agent:  Montreal Trust
Wt trading symbol:  RRE.WT.A
Wt security No:  910940
Wt Cusip No:  758916 15 9
Unit security No:  867818




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