FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of January , 1997
PRAIRIE PACIFIC ENERGY CORPORATION
(Translation of registrant's name into English)
302, 1168 Hamilton Street, Vancouver, British Columbia, Canada, V6B 2S2
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes No X
[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ]
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PRAIRIE PACIFIC ENERGY CORPORATION
(Registrant)
Date February 5, 1997 By /s/ Malcolm F.W. Todd
----------------------- -------------------------------------
Malcolm F.W. Todd, President
(Signature)*
*Print the name and title of the signing officer under his signature.
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<PAGE>
PRAIRIE PACIFIC PRAIRIE PACIFIC 302, 1168 HAMILTON STREET
LOGO ENERGY CORPORATION VANCOUVER, BRITISH COLUMBIA
FOR IMMEDIATE V6B 252
RELEASE TELEPHONE: 604-684-2356
FACSIMILE: 604-684-4265
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PRAIRIE PACIFIC ENERGY CORPORATION ("Prairie Pacific")
Listed: The Alberta Stock Exchange - Symbol: PRP
NASDAQ OTC Bulletin Board - Symbol: PRPEF
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Prairie Pacific Energy Corporation
Files Draft Notice of Intention To Make A Normal Course Issuer Bid
Calgary (January 10th, 1997) - Prairie Pacific Energy Corporation (ASE: PRP)
today filed with The Alberta Stock Exchange a Draft Notice of Intention to make
a Normal Course Issuer Bid for up to 8 percent of the public float of its stock.
"Purchasing shares at the prevailing trading price, relative to the value per
share of the discounted worth of Prairie Pacific's oil and gas reserves,
including the anticipated value of its 10 percent undivided interest in a
Brazeau, Alberta new pool, dual zone oil and natural gas discovery, together
with the value per share of its equity holdings in Inspan Investment Limited
which also has a 10 percent undivided interest in the Brazeau discovery,
represents an attractive and appropriate action," Prairie Pacific's President
Malcolm Todd said.
Prairie Pacific was successful in acquiring 428,470 common shares at an average
of $0.70 per share during the period April 3, 1989 to September 30, 1996 under
previous Normal Course Issuer Bids.
If accepted by The Alberta Stock Exchange, Prairie Pacific will commence with
the Bid to acquire up to 400,000 common shares on February 1st, 1997 and will
continue until January 31st, 1998, or until the maximum number of shares sought
are purchased. This amount represents 6.6 percent of the total six million
shares issued and outstanding and 8 percent of the public float of 4.9 million
shares.
The purchase of any common shares through this Bid will be effected through the
facilities of The Alberta Stock Exchange. Prairie Pacific's shares also trade
through the facilities of NASDAQ OTC Bulletin Board in the United States. There
will be no purchases made through the NASDAQ OTC Bulletin Board in respect of
this Bid. Prairie Pacific expects to purchase shares as available at such prices
as Prairie Pacific believes practical and in the best interest of Prairie
Pacific.
For further information, please contact:
Malcolm F. W. Todd, President
Tel: (604) 684-2356
Frank Dabbs, Public Relations
Tel: (403) 228-7779
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.
