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MMRL |
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CALGARY, Alberta--(BUSINESS WIRE)--May 12, 1998--Northstar Energy Corporation (TSE:NEN)(ME:NEN)(Alberta Stock Exchange:NEN) today announced that it has agreed with Morrison Middlefield Resources Limited to exchange the shares and options of MMRL held by Northstar for MMRL's 50 percent interest in Mountain Energy Inc. Total consideration for the sale is US$40 million comprised of two notes payable by MMRL totalling US$17. |
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